DeepSeek: AI revolution or just hype?

DeepSeek:AI革命还是只是炒作?

The Global Story

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2025-01-29

24 分钟
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The speed at which the new Chinese chatbot app DeepSeek has risen to prominence has taken many by surprise. Now the most downloaded free app in the US, DeepSeek seems to require less powerful computer chips than its American tech rivals. The release of this low-cost AI model sent shockwaves through US stock markets, with Nvidia - the company behind the high-tech chips powering many AI investments - being the hardest hit. On Monday, Nvidia’s share price dropped by 17%, wiping out around $600bn in market value. So, where has DeepSeek come from, and what’s behind its ability to spook investors? What could this mean for the future of chip manufacturing and the US's historic dominance in the world of AI? Jonny Dymond speaks to Chris Miller, historian on semiconductor chips at Tufts University and author of Chip War: The Fight for the World's Most Critical Technology. Jonny is also joined by the BBC’s North America business correspondent Ritika Gupta to discus the impact DeepSeek has had on the stock markets. The Global Story brings you trusted insights from BBC journalists worldwide. We want your ideas, stories and experiences to help us understand and tell #TheGlobalStory. Email us at theglobalstory@bbc.com You can also message us or leave a voice note via WhatsApp on +44 330 123 9480. Producers: Richard Moran and Eleanor Sly Sound engineer: Hannah Montgomery Assistant editor: Sergi Forcada Freixas Senior news editor: China Collins
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  • It's been called a Sputnik moment, a reference to that time when the Soviet Union astounded the world by beating the US in the race into space.

  • If you believe the hype, China hasn't just beaten the US in the race to build better artificial intelligence.

  • It's done it at a fraction of the cost of its American competitors, working around the export curbs put in place by the US to restrain China's tech ambitions, and in so doing, reinventing the way AI is designed.

  • Oh, and wiping hundreds and billions of dollars off the value of America's tech titans in the process.

  • The damage has been inflicted by a Chinese company called Deepseek, based in the eastern city of Hangzhou.

  • It's created an AI assistant that on Monday became the most downloaded app in the US Investors are licking their wounds.

  • Consumers are lapping it up.

  • And everywhere conventional wisdom is being challenged.

  • So has one small Chinese company rewritten the rules of the trillion dollar industry of the future?