DeepSeek has announced a temporary limit on user registrations due to a large-scale cyberattack affecting its services. The Chinese AI startup rose to prominence recently, overtaking OpenAI's ChatGPT in downloads on the Apple App Store.
- DeepSeek announced a temporary limit on user registrations due to a cyberattack.
- The company is a Chinese AI startup that recently surpassed OpenAI's ChatGPT in downloads.
- This increase in downloads triggered a selloff in global tech stocks.
- DeepSeek launched its R1 model, which competes directly with other leading AI tools.
- Founded in 2023, the startup focuses on developing large language models and aims for artificial general intelligence.
- The cost to develop the R1 model is estimated to be significantly lower than that of competitors like OpenAI and Google.
- The ongoing AI arms race has raised concerns about funding, valuations, and potential market bubbles in the tech sector.
- Existing users of DeepSeek can log in as usual despite the registration limitations.