DeepSeek, a Beijing-based startup, is making significant strides in the artificial intelligence industry, rivaling ChatGPT's capabilities. Founded in 2017 by former Google DeepMind researcher Zhou Hang, DeepSeek has developed a large language model that can answer questions, write code, and generate text. The company's valuation has soared to $3 billion after a $1 billion funding round.
DeepSeek's AI model is available on open-source platforms like GitHub and Meta's Llama, allowing developers to build their own chatbots and applications. This accessibility has contributed to the model's popularity, with developers leveraging its capabilities to generate code in various programming languages, perform complex mathematical calculations, and solve problems.
The growth of China's AI industry is driven in part by government support. President Xi Jinping has emphasized the importance of AI development, calling for the country to become a leader in AI by 2030. This vision has led to significant investment in AI startups, with Chinese companies accounting for nearly half of the $38 billion invested in generative AI companies globally last year.
China's strong talent pool, particularly in engineering, has also contributed to the growth of its AI industry. The country's universities produce a large number of engineers, providing AI companies with a steady supply of skilled professionals.
As China's AI industry continues to evolve, companies like DeepSeek are at the forefront of innovation, pushing the boundaries of what is possible with AI technology.
