DeepSeek is a Chinese artificial intelligence provider that develops open-source LLMs. R1, the latest addition to the company’s model lineup, debuted last week. The release of the LLM caused a broad selloff in AI stocks that sent Nvidia Corp.’s shares plummeting 17% on Monday, along with many other technology stocks.

DeepSeek-R1 is the groundbreaking reasoning model introduced by China-based DeepSeek AI Lab. This model sets a new benchmark in reasoning capabilities for open-source AI. As detailed in the accompanying research paper,

DeepSeek R1 is an open sourced model. DeepSeek is a Chinese AI research company backed by High-Flyer Capital Management, a quant hedge fund focused on AI

OpenAI—which faces multiple lawsuits for using content without permission—accuses DeepSeek of 'distillation,' a technique that use larger models' outputs to improve smaller ones.

Artificial Intelligence (AI) transforms how we solve problems and make decisions. With the introduction of reasoning models, AI systems have progressed beyond merely executing instructions to thinking critically,

OpenAI said on Wednesday that Chinese AI startup DeepSeek's open-source models may have "inappropriately" based its work on the output of OpenAI's models, an OpenAI spokesperson told Axios. Why it matters: China's DeepSeek has taken the AI industry by storm with its R1 reasoning model that competes with OpenAI's o1,