The buzz around Chinese AI startup DeepSeek began picking up steam earlier this month, when the startup released R1, its model that rivals OpenAI’s o1.
The buzz around Chinese AI startup DeepSeek began picking up steam earlier this month, when the startup released R1, its reasoning model that rivals OpenAI's o1.
Tech leaders, analysts, investors and developers say that the hype — and ensuing fear of falling behind in the ever-changing AI hype cycle — may be warranted. Especially in the era of the generative AI arms race, where tech giants and startups alike are racing to ensure they don't fall behind in a marketDeepSeek was founded in 2023 by Liang Wenfeng, co-founder of High-Flyer, a quantitative hedge fund focused on AI.
As a result, the AI sector is awash with questions, including whether the industry's increasing number of astronomical funding rounds and billion-dollar valuations is necessary — and whether a bubble is about to burst.
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