CNN —
A surprisingly efficient and powerful Chinese AI model has taken the technology industry by storm. It’s called Deepseek R1, and it’s rattling nerves on Wall Street.
The new AI model was developed by DeepSeek, a startup that was born just a year ago and has somehow managed a breakthrough that famed tech investor Marc Andreesen has called “AI’s Sputnik moment”: R1 can nearly match the capabilities of its far more famous rivals, including OpenAI’s GPT-4, Meta’s Llama and Google’s Gemini – but at a fraction of the cost.
The company said it
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