#DeepSeekImpact GOOD BYE Chat-Gpt š
OpenAI CEO Sam Altman praised Chinese AI startup DeepSeekās R1 model, calling it āimpressiveā for its cost-effective approach. However, he emphasized OpenAIās commitment to delivering superior models, noting that competition from DeepSeek is āinvigorating.ā
DeepSeekās R1 model gained attention for its innovative use of Nvidia H800 chips, delivering performance at 20 to 50 times lower costs compared to OpenAIās o1 model, as shared on their official WeChat. The startup previously demonstrated its efficiency in AI research with DeepSeek-V3, developed with just $6 million in computational resources.
Altman posted on X:
ā”ļø āDeepSeekās R1 is an impressive model, particularly around what theyāre able to deliver for the price. We will obviously deliver much better models and also itās legit invigorating to have a new competitor!ā
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Nvidia Faces Pressure Amid Cost-Effective AI Models
The emergence of cost-effective AI solutions like DeepSeekās R1 has shaken the market. Nvidiaās stock suffered a $593 billion market loss last Monday, marking Wall Streetās largest single-day financial disaster.
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President Trump on DeepSeek: A Wake-Up Call for U.S. Industries
Former President Donald Trump addressed DeepSeekās success during a speech in Florida, calling it a āwake-up callā for American tech firms. He urged the industry to focus on innovation, acknowledging DeepSeekās low-cost approach as a positive development.
ā”ļø āThe release of DeepSeek AI from a Chinese company should be a wake-up call for our industries... Tech firms could save budgetary resources and come up with, hopefully, the same solution.ā
DeepSeekās app surged to number one on Appleās App Store over the weekend, threatening U.S. tech dominance. However, Trump expressed confidence in Americaās ability to remain competitive.