Step aside, ChatGPT¡ªthere's a new kid on the block, and surprise, surprise, it's from China! Enter DeepSeek, a Chinese startup that's shaking up the AI game with a free assistant claiming to do more with less¡ªless data, less cost. By Monday, this new AI sensation had gone past ChatGPT in Apple downloads, leaving the internet abuzz with shock and intrigue. But trust Indians to add their own twist¡ªthey're less worried about tech rivalries and more concerned about the incoming wave of 'tippani' videos. Classic.
One quipped, "US launches OpenAI Gemini. China launches DeepSeek. Meanwhile, India launches 10,000 courses on how to use them."
The post even made it to Reddit with many claiming,?"Wait until titles like 'How to earn passive income with these sites' start flooding your feed."
Someone else joked, "Last I checked, we were still researching cow urine. Maybe Cow Coin is about to take off?"
One person dropped a dose of wisdom: "It's a lesson that needs to be learned very fast."
Another kept it simple: "While others race for AI dominance, India's quietly building a workforce that'll leave the rest asking, 'Can you teach us too?'"
Someone predicted the inevitable: "Soon, X will be full of posts claiming you can make thousands using DeepSeek if you just follow the poster."
Another defended India: "Tools gather dust without skilled hands."
And yet another stated that India always plays it safe: "India stays on the cautious side. Either way, the country wins."
DeepSeek, created by a Hangzhou-based research team, is a cutting-edge AI tool introduced in 2023 by Liang Wenfeng, an expert in AI and quantitative finance.?
Built on the DeepSeek-V3 model, an innovative open-source AI system, it has quickly gained global attention.?
It even outperformed OpenAI's ChatGPT, becoming the top free app on Apple's App Store in major markets like the US, UK, and China.
The rise of DeepSeek has stirred concerns in the U.S., where tech leaders like Nvidia, Meta, and Microsoft have invested heavily in AI infrastructure. The emergence of cost-effective alternatives like DeepSeek has intensified competition, impacting major players.
Shares of prominent U.S. AI companies, including Nvidia, Meta, and Microsoft, took a hit following DeepSeek's rapid ascent. Nvidia's stock dropped 17%, wiping out a record $589 billion in market value.?
This decline also dealt a significant blow to CEO Jensen Huang's net worth, which plunged by $20.8 billion by the end of the trading day.
Larry Ellison, Oracle's chairman, saw a $27.6 billion drop as Oracle shares slid 14%, pushing him from the third to the fifth richest globally, now trailing Mark Zuckerberg and LVMH's Bernard Arnault.
Other major losses included Michael Dell of Dell Technologies ($12.4 billion), Google cofounders Larry Page ($6.3 billion) and Sergey Brin ($5.9 billion), early Google investor Andreas von Bechtolsheim ($5.4 billion), and Tesla's Elon Musk ($5.3 billion).
Former U.S. President Donald Trump described the rise of China's low-cost AI model, DeepSeek, as a "wake-up call" for American tech companies after its launch triggered a selloff in tech stocks.
"Hopefully, the release of DeepSeek AI from a Chinese company should be a wake-up call for our industries that we need to be laser-focused on competing to win," Trump remarked during a Republican congressional retreat in Miami.
However, he noted that this disruption might have an upside for Silicon Valley, potentially pushing companies to innovate more efficiently.?
"I would say that could be a positive," Trump added. "So instead of spending billions and billions, you'll spend less, and you'll come up with hopefully the same solution."
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