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DeepSeek — a Chinese startup in the field of artificial intelligence, which presented its language model DeepSeek-V3 in November 2024. This open-source model contains 671 billion parameters and is trained on 14.8 trillion tokens, allowing it to compete with solutions like ChatGPT.
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Recently, DeepSeek released a free application that quickly became a leader among free apps in the Apple App Store in the US, surpassing ChatGPT.
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The emergence of DeepSeek has caused significant fluctuations in the stock markets. Stocks of companies involved in the development and manufacturing of AI equipment, such as Nvidia, experienced a sharp decline. Investors are concerned that more affordable and efficient solutions from DeepSeek may reduce demand for the expensive equipment and services provided by Western companies.
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Thus, DeepSeek's success in the AI market has led investors to reassess their expectations regarding the future profits of companies dominating this sector, which has caused their stock prices to fall.