Silicon Valley’s initial advantage in LLMs evaporated quickly despite export controls, writes AI expert Gary Marcus.

Wall Street and Silicon Valley were in a tailspin on Monday due to the stunning rise of DeepSeek – a Chinese artificial intelligence startup that claims to have developed an advanced model at a

DeepSeek’s gambit may have backfired because its CEO identified export controls as his top challenge. Read more at straitstimes.com.

DeepSeek released an open-source artificial intelligence model in December, saying it took only two months and less than $6 million to create it.

DeepSeek’s latest models, created by a small company with limited resources, are already beating many of the leading AI models in the United States.

Chinese AI chatbot DeepSeek has displaced OpenAI’s ChatGPT as the most downloaded app on the Apple App store and the market is panicking. Stocks for major AI connected companies like NVIDIA fell on Monday morning following the news.

Silicon Valley and Washington leaders said the app shows China can challenge the U.S. The Nasdaq lost 3 percent and chipmaker Nvidia shed $589 billion in market capitalization.

Chinese startup DeepSeek sent shockwaves in the AI community with its frugal yet highly performant open-source release, DeepSeek-R1. The model uses pure reinforcement l

Over the weekend, the outstanding qualities of China’s AI startup, DeepSeek became apparent, and it sent shockwaves through the AI status quo in the west.

The recent AI advances by Chinese upstart DeepSeek could be the beginning of a potential nightmare scenario that Nvidia Corp. Chief Executive Jensen Huang has been worrying about since the chip maker's meteoric rise.