DeepSeek Undercuts Existing LLMs with Cheaper Pricing, Less Energy Usage
China-based AI startup DeepSeek has released an open-source version of its reasoning model, DeepSeek-R1, claiming it matches OpenAI’s o1 on certain AI benchmarks. The news has caused a shakeup in global tech stocks, wiping nearly $1 trillion from stock market valuations, with Nvidia losing almost $600bn (£482bn) in market value. US President Donald Trump has […]