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DeepSeek gives Europe's tech firms a chance to catch up in global AI race

Economic Times

Economic Times · 6m ago

DeepSeek gives Europe's tech firms a chance to catch up in global AI race

DeepSeek, a Chinese AI model, is disrupting the AI landscape by offering significantly lower pricing compared to OpenAI. European tech firms, previously lagging in AI adoption due to funding challenges, view DeepSeek as a game changer for democratizing AI and leveling the playing field with larger tech firms. While regulators are investigating potential data-copying concerns, DeepSeek's affordability and accessibility could significantly impact the industry, prompting other companies to improve models and reduce costs.

Related News

TikTok owner ByteDance, DeepSeek lead Chinese push in AI reasoning

Economic Times

Economic Times · 7m ago

TikTok owner ByteDance, DeepSeek lead Chinese push in AI reasoning

ByteDance has released an update to its AI model, Doubao-1.5-pro, claiming superior performance over OpenAI's latest reasoning models. Alongside, Chinese AI startup DeepSeek introduced its DeepSeek-R1 model, promising comparable results. Both companies focus on improving reasoning capabilities and offering competitive pricing, aiming to challenge OpenAI and other established players. Other Chinese firms like Moonshot AI, Minimax, and iFlyTek are also joining the race, underlining a growing global competition in AI reasoning models.

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

TechCrunch · 3m ago

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

DeepSeek, a Chinese AI lab backed by High-Flyer Capital Management, gained global attention when its chatbot app topped Apple and Google Play charts. Known for its compute-efficient AI models, DeepSeek challenges the U.S. in the AI race. The company's model releases, including DeepSeek-V3 and R1, have been notable for cost competitiveness and performance. However, questions about state influence and data security have led to bans on government devices in several regions, raising concerns about foreign impact.

Seeking a big edge in AI, South Korean firms think smaller

Economic Times

Economic Times · 1y ago

Seeking a big edge in AI, South Korean firms think smaller

South Korean companies are leveraging the flexibility of AI technology to develop systems tailored to their local needs and cultures, challenging the dominance of American companies in the field. Companies like Naver and LG are building AI models for specific industries, languages, and cultures, rather than targeting the global market. South Korea's wired population and government support have provided the necessary resources for AI development. However, the United States remains ahead in the AI race, and it is uncertain how closely other countries can catch up.

DeepSeek panic triggers tech stock sell-off as Chinese AI tops App Store

Arstechnica

Arstechnica · 7m ago

DeepSeek panic triggers tech stock sell-off as Chinese AI tops App Store

DeepSeek, a Chinese AI startup, has caused a stir in the American tech industry by releasing R1, a simulated reasoning model that rivals OpenAI's o1 model in benchmarks. Notably, DeepSeek achieved this at a fraction of the cost and released it with an open MIT license. The app gained prominence by topping the iPhone App Store's "Free Apps" category, unsettling investors and tech firms who may feel threatened by the emergence of potent, low-cost, open-source AI solutions.

Finance Ministry bans use of ChatGPT, DeepSeek for official purposes. Here’s why

Livemint

Livemint · 6m ago

Finance Ministry bans use of ChatGPT, DeepSeek for official purposes. Here’s why

The Indian Finance Ministry has advised employees against using AI tools like ChatGPT and DeepSeek for official work due to confidentiality risks concerning government data. This advisory aligns with global concerns about AI privacy, as seen with DeepSeek's scrutiny and bans elsewhere, including Italy. Meanwhile, India plans to develop competitive AI models to join the global AI race. OpenAI CEO Sam Altman's visit coincides with these developments, highlighting India's focus on AI innovation and data privacy solutions.

Netflix offers $1 million for key role in AI | Mint

Livemint

Livemint · 6m ago

Netflix offers $1 million for key role in AI | Mint

Netflix is entering the AI sector, reportedly offering up to $1 million to lead a team for AI foundational models. This follows heightened competition in AI, with models like DeepSeek challenging giants like OpenAI's ChatGPT. Despite the trend, Netflix co-CEO Ted Sarandos expressed doubt about AI replacing human creativity, emphasizing faith in human skills over AI-generated content. The AI race continues as companies vie to create efficient, cost-effective AI solutions.

Inside the AI talent-hiring frenzy

Business Insider

Business Insider · 1y ago

Inside the AI talent-hiring frenzy

Demand for AI talent is intensifying as companies compete to create the best products in the field, with larger and wealthier firms currently dominating the race. Smaller companies struggle to attract workers with both technical and non-technical AI skills, believing they are being squeezed out of the sector by industry giants like Meta and Microsoft. The cost of hiring AI talent is high, with major firms offering substantial compensation packages, making it a challenge for smaller businesses. Additionally, there is a shortage of candidates with the required skills, such as proficiency in programming languages and deep learning software libraries. However, startups are becoming more generous with offers, including equity, to compete with larger companies. As the industry evolves, companies are investing in chief AI officers, training programs, and internal discussions to catch up with the technology and bridge the talent gap.

Tech firms to showcase AI innovations in a China under US sanctions - The Economic Times

Economic Times

Economic Times · 1m ago

Tech firms to showcase AI innovations in a China under US sanctions - The Economic Times

Over 800 tech firms, including Chinese giants like Huawei and Alibaba and global companies like Tesla and Amazon, will gather in Shanghai for the World AI Conference, highlighting China's AI ambitions amid U.S. sanctions. Premier Li Qiang will address the event, underscoring China's goal to lead the AI race by 2030. The conference showcases China’s commitment to AI and self-sufficiency as it faces technological competition from the U.S.

India becomes ground zero in the global AI race

Economic Times

Economic Times · 4d ago

India becomes ground zero in the global AI race

OpenAI has set up an Indian unit and plans to open its first office in New Delhi, highlighting India's significance in the global AI race. With ChatGPT's rapid growth in India, OpenAI offers localized services like ChatGPT Go, priced at ₹399, and initiatives like OpenAI Academy. The government's support through the IndiaAI Mission, alongside competitive pricing from global tech giants, positions India as a crucial AI battleground, shaping future AI adoption.

Mint Explainer: DeepSeek’s lean AI and India’s AI future

Livemint

Livemint · 7m ago

Mint Explainer: DeepSeek’s lean AI and India’s AI future

DeepSeek AI, a Chinese startup, has disrupted the AI market with a low-cost, open-source model, significantly impacting tech stocks like Nvidia. By using cost-effective training methods, DeepSeek demonstrates that advanced AI development is possible without massive investments. This approach could benefit countries like India, where resources are limited, by accelerating AI growth without heavy funding. DeepSeek's model promotes democratising AI, offering global collaboration opportunities and reducing reliance on high-end computational power.

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