Is DeepSeek AI’s ‘Sputnik moment’?

DeepSeek-V3 cost a miniscule $ 6million USD of investment rather than the hundreds of millions of dollars that have been ploughed into Sam Altman’s OpenAI , which developed ChatGPT, as well as similar systems at Microsoft , Meta Platforms and Alphabet , the owner of Google .

The whole US stock market suffered as a result of the company's success.

The development of AI thus far is a testament to our ingenuity as a species.

Marc Andreessen has called DeepSeek a 'profound gift to the world' The company is certainly a stinging rebuke to the arrogance of Silicon Valley oligarchs.

But though its model looks like a big step forward, let’s not go overboard just yet.