Chinese AI startup DeepSeek hit the tech world by storm after achieving the seemingly impossible. At a fraction of the development cost, its R1 V3-powered model surpassed OpenAI's proprietary o1 reasoning model across several benchmarks, including coding, math, and science.
The model's emergence caused a drastic shift in market stocks. NVIDIA shed up to $600 billion in market valuation, debatably the largest drop in history to take place in a single day. While DeepSeek's success seemingly remains a mystery, Meta Chief Technology Officer (CTO) Andrew Bosworth claims he'd predicted the whole thing six months ago before it unfolded (via Business Insider).
