The model was developed by the Chinese AI startup DeepSeek, which claims that R1 matches or even surpasses OpenAI’s ChatGPT o1 on multiple key benchmarks but operates at a fraction of the cost.

The AI community is rightfully buzzing about the new model DeepSeek R1 and is racing to digest what it means. Created by DeepSeek, a Chinese AI startup that emerged from the High-Flyer hedge fund, their flagship model shows performance comparable to models in OpenAI’s o1 series on key reasoning benchmarks,

The Chinese artificial intelligence firm DeepSeek has rattled markets with claims its latest AI model performs on a par with those of OpenAI, despite using less advanced, more energy efficient computer chips.