The DeepSeek panic reveals an AI world ready to blow | James Vincent

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The Guardian 2d ago

The DeepSeek panic reveals an AI world ready to blow | James Vincent - The Guardian

Quick Summary:

The R1 chatbot has sent the tech world spinning – but this tells us less about China than it does about western neurosesThe arrival of DeepSeek R1, an AI language model built by the Chinese AI lab DeepSeek, has been nothing less than seismic.

DeepSeek was founded in 2023 as a subsidiary of the Chinese hedge fund High-Flyer, which focuses on data-heavy financial analysis – a field that demands similar skills to top-end AI research.

The system only launched last week, but already the app has shot to the top of download charts, sparked a $1tn (£800bn) sell-off of tech stocks, and elicited apocalyptic commentary in Silicon Valley.