What is DeepSeek?

DeepSeek is a generative artificial intelligence (GenAI) chatbot which went viral in early 2025 for its high performance at an astonishingly low cost.

Its boom captured headlines globally and sent shockwaves through the tech and financial markets.

The software is open source, which means it can be accessed and improved by anyone.

It is also said that the AI model was created for only £4.8 million, compared to OpenAI's costs of around £80 million.

When was DeepSeek released?

The DeepSeek app was released on January 10, 2025 — the day of Donald Trump’s inauguration as US President.

By the end of the month, it surpassed ChatGPT as the most downloaded free app for iPhone users in the US.

In a published research paper, developers of the AI system also claimed that th

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