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DeepSeek: Chinese chatbot sends shockwaves through US stock market

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China's launch of a cheaper, more efficient version of ChatGPT could challenge Silicon Valley's dominance in the AI race
The article from MoneyWeek discusses the emergence of DeepSeek, a new AI chatbot developed by Chinese researchers, which is being positioned as a competitor to the likes of ChatGPT, developed by US-based companies. DeepSeek, backed by a $140 million investment, aims to challenge the dominance of American tech giants in the AI sector. It has been trained on a vast dataset, including 2 trillion tokens, and focuses on understanding and processing both English and Chinese languages effectively. The chatbot's development reflects China's push towards AI innovation, aiming to reduce reliance on foreign technology and to compete globally in the AI race. The article highlights concerns about data privacy, the potential for AI to be used in surveillance, and the geopolitical implications of AI development becoming a new battleground between the US and China. DeepSeek's creators are also exploring ways to monetize the technology, potentially through enterprise solutions, while navigating the complex landscape of international AI regulation and ethics.

Read the Full MoneyWeek Article at:
[ https://moneyweek.com/investments/deepseek-vs-chatgpt-chinese-chatbot-challenges-us-big-tech ]