How a Chinese AI firm shook the tech world

DeepSeek’s AI model is the very ethos of doing what you can with what you have.

The ancient Greek philosopher Plato once said: “Necessity is the mother of invention,” and sometimes that means doing more for less.

A few weeks ago, Hangzhou, China-based tech firm DeepSeek released its R1 reasoning model on GitHub and its website. It reportedly did so for less than $6 million using Nvidia’s less-advanced H800 chips, owing to the export restrictions the US put in place on high-performance computing chips to China.

What ensued after the announcement was a frenzy, leading chipmaker

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