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DeepSeek: Everything you need to know about the AI chatbot app | TechCrunch

May 28, 2025 - techcrunch.com
DeepSeek, a Chinese AI lab backed by High-Flyer Capital Management, has rapidly gained international attention after its chatbot app topped the Apple App Store and Google Play charts. Originating from a quantitative hedge fund, DeepSeek has developed advanced AI models like DeepSeek-V2 and DeepSeek-V3, which have outperformed competitors in benchmarks and are cost-effective. Despite U.S. export bans affecting its hardware access, DeepSeek's models have disrupted the AI industry, forcing competitors to lower prices and drawing significant attention from Wall Street and technologists.

DeepSeek's business model remains unclear, as it offers products below market value and refrains from taking investor money. Its models, available under permissive licenses, have been widely adopted by developers. However, DeepSeek faces scrutiny and bans from several governments, including the U.S., due to concerns over data security and foreign influence. Despite these challenges, DeepSeek continues to innovate, with its success impacting major players like Nvidia and eliciting responses from companies like OpenAI and Microsoft.

Key takeaways:

  • DeepSeek, a Chinese AI lab backed by High-Flyer Capital Management, gained international fame after its chatbot app topped the Apple App Store and Google Play charts.
  • DeepSeek's AI models, particularly the DeepSeek-V2 and DeepSeek-V3, have been noted for their performance and cost-efficiency, challenging domestic competitors and international giants like OpenAI and Meta.
  • Despite its success, DeepSeek faces scrutiny and bans from various governments, including the U.S. and South Korea, due to concerns over data security and propaganda.
  • DeepSeek's business model remains unclear, as it offers products and services below market value and has not taken investor money, yet it has significantly impacted the AI industry and market dynamics.
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