DeepSeek: The AI Chatbot Revolutionizing the Market with Advanced Reasoning and Cost-Effectiveness

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DeepSeek is an AI chatbot developed by a Chinese startup founded by Liang Wenfeng in May 2023. It has rapidly gained popularity and recently topped the app store charts, surpassing established competitors like ChatGPT. The chatbot is powered by the DeepSeek-V3 model, which boasts 671 billion parameters and was trained using Nvidia H800 chips at a cost of under $6 million, a fraction of what competitors like OpenAI and Google have spent on their models.

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DeepSeek offers a range of features, including basic chatbot functionality, a search feature similar to ChatGPT's, and the ability to extract text from images. It also includes an advanced reasoning model, DeepSeek-R1, which is designed for deeper thought and mathematical reasoning. This model is on par with some of the most advanced AI models globally, despite being developed with significantly less computational power.

The app's rise to the top of the app store charts has been attributed to its performance, cost-effectiveness, and the ability to show its reasoning process, which enhances user confidence in its responses. DeepSeek's success has also sparked discussions about the effectiveness of US export controls aimed at limiting China's access to advanced AI technology. The chatbot's performance and affordability have raised concerns in Silicon Valley about the continued dominance of US companies in the AI sector.