DeepSeek -How Chinese AI assistant sent shockwaves through market and led to Nvidia’s historic market loss.
Launched with only $6 million, it quickly surpassed U.S. competitors like ChatGPT in app downloads.
Founder Liang Wenfeng leveraged Nvidia’s A100 chips, using them before export restrictions hit, creating an affordable AI solution.
This efficient use of resources allowed DeepSeek to create a sophisticated AI solution at a significantly lower cost.
This success led to Nvidia losing $593 billion in market value, as investors questioned the need for expensive AI hardware.
DeepSeek’s success has raised questions about the future of high-cost AI, potentially shifting the industry toward cheaper, more efficient solutions.