Nearly a year on from the Chinese AI company shaking the tech world, CNBC digs into why DeepSeek's recent model releases haven't caused the same frenzy.
Nearly a year ago, DeepSeek shook the AI world.
Stocks of some of the leading Western tech companies plunged as the markets hit panic mode at the prospect of a new model from a relatively unheard of Chinese AI lab that challenged the premise of U.S. dominance in the space.
Nvidia
plummeted 17%, losing close to $600 billion from its market cap. U.S. chipmaker Broadcom
also fell 17%, and ASML
Startups and big tech firms like Alibaba are increasingly employing domestic alternatives to Nvidia.
China is gaining momentum with its home-grown Nvidia rivals, and it could be the next DeepSeek moment.
DeepSeek has seen use of its models drop to 80 per cent from 99 per cent on Chinese cloud computing platform PPIO.
Chinese companies are releasing new AI models and striving to gain an edge in the AI application race as the country's biggest…
The release of DeepSeek V4 is expected to be imminent.
Some six months after DeepSeek shook Silicon Valley, is the Chinese AI chatbot still relevant?
