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DeepSeek claims that the performance of its R1 mannequin is "on par" with the newest release from OpenAI. By comparability, OpenAI CEO Sam Altman has publicly said that his firm’s GPT-4 mannequin value greater than $one hundred million to prepare. Instantiating the Nebius mannequin with Langchain is a minor change, similar to the OpenAI consumer. DeepSeek says the mannequin excels at problem-fixing regardless of being a lot cheaper to practice and run than its rivals. DeepSeek claims it constructed its AI mannequin in a matter of months for just $6 million, upending expectations in an business that has forecast hundreds of billions of dollars in spending on the scarce computer chips which are required to prepare and operate the expertise. In February 2024, Australia banned the usage of the company's technology on all authorities devices. As of May 2024, Liang owned 84% of DeepSeek via two shell firms. DeepSeek’s prime shareholder is Liang Wenfeng, who runs the $eight billion Chinese hedge fund High-Flyer.

Beginning as a part of Liang Wenfeng's quantitative hedge fund, High-Flyer, DeepSeek acquired 10,000 Nvidia (NASDAQ: NVDA) A100 chips in 2021 and started training an LLM. Shares of Nvidia and different major tech giants shed more than $1 trillion in market value as investors parsed details. DeepSeek arrange store independently in 2023, based on knowledge from S&P Global Market Intelligence. Today, they are massive intelligence hoarders. China shocked the tech world when AI start-up DeepSeek launched a brand new massive language model (LLM) boasting performance on par with ChatGPT's -- at a fraction of the worth. ⚡ Performance on par with OpenAI-o1