DeepSeek is a Chinese AI research lab founded in 2023 by Liam Wenfeng, who has also founded the hedge fund that backed DeepSeek. ... Bloomberg reports that the combined losses in share price ... This cost efficiency is reflected in the API pricing for DeepSeek-R1, which costs just $0.55 per million input tokens and $2.19 per million output tokens — significantly undercutting OpenAI’s ... Chipmaker Nvidia saw almost $600bn wiped off its market value - the biggest drop in US stock market history - as a low-cost AI competitor from China took chunks out of several tech firms. DeepSeek is also charging about one-thirtieth of the price it costs OpenAI's o1 to run, while Wenfeng maintains DeepSeek charges for a "small profit" above costs. Here’s what you need to know about DeepSeek, the Chinese AI startup that rattled markets after its app dethroned OpenAI's as the most-downloaded free app in the U.S. on Apple.
Nvidia’s stock dropped 18% Monday, but the company in a statement commended DeepSeek’s work as “an excellent AI advancement” that leveraged “widely-available models and compute that is ... This cost efficiency is reflected in the API pricing for DeepSeek-R1, which costs just $0.55 per million input tokens and $2.19 per million output tokens — significantly undercutting OpenAI’s ... DeepSeek is a Chinese AI research lab founded in 2023 by Liam Wenfeng, who has also founded the hedge fund that backed DeepSeek. ... Bloomberg reports that the combined losses in share price ... Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET.
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