Hangzhou-based AI firm DeepSeek is roiling the U.S. tech sector and upending financial markets. The startup has managed to become competitive with Silicon Valley’s deep learning firms despite U.S. sanctions that prevent Chinese technology companies from buying premium chips. DeepSeek has made it into the global top 10 in terms of model performance, and as of this week had the top-ranked free AI assistant at the Apple App Store. DeepSeek’s new R1 model has drawn attention for using less computing power than competing systems, while performing comparably, despite having been developed using older Nvidia chips. Continue reading Chinese AI Startup DeepSeek Disrupting the U.S. Tech Sector