US EditionInside China's Buzzing AI Scene Year After DeepSeek Shock
DeepSeek's open-source AI model reached 4% global chatbot market share and boosted AI job applications by 39% in China within one year, analysts said.
- On January 20, 2025, DeepSeek, a Hangzhou-based start-up, released its open-source R1 reasoning model, which performed comparably to ChatGPT and challenged US dominance.
- Beginning as a 2023 side project in Hangzhou, DeepSeek trained advanced AI cheaply using inferior chips despite US export controls and Nvidia restrictions.
- Investor funding surged, with Wu, DeepSeek founder, raising 220 million yuan while more than half a billion Chinese internet users adopted generative AI by June 2025.
- Shi Yaqiong said investor enthusiasm surged, with Jinqiu Capital closing more than 50 AI deals, but the spending euphoria sparked fears of a market crash and profitability questions.
- Observers compared the episode to a modern 'Sputnik moment', with President Donald Trump calling it a 'wake-up call' that altered perceptions and reshaped China-US tech competition amid US export controls.
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44 Articles
[Digital Daily Reporter Lee Sang-il] Minister of Science and ICT Bae Kyung-hoon stated on his social media account on the 20th, “The emergence of DeepSeek-R1 was an event that changed the structure of the AI market,” and added, “We must also secure technological sovereignty.” Minister Bae assessed that DeepSeek-R1, a Chinese artificial intelligence (AI) model that emerged in January of last year, “created a crack in the structure centered on glo…
While the Americans cause ethics, Beijing code full diet: DeepSeek, the low-cost IA that scares Wall Street and gives red colors back to the Chinese Stock Exchange. The DeepSeek article revives the global race for artificial intelligence appeared first on Cointribune.
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