At the start of this previous January year, DeepSeek caused a significant amount of trouble: its popularity caused billionaires to lose billions of dollars and companies to reduce hundreds of billions of dollars:
- Larry Ellison, CTO and co-founder of Oracle, net worth down almost$ 28 billion
- Jensen Huang, CEO and co-founder of Nvidia, net worth down virtually$ 21 billion
- The S&, P 500 closed over 1.5 % on Monday, January 27
- Nasdaq down 3.4 % ( its fourth-worst day of the last two years )
- Nvidia down 17 % ($ 589 billion of value down, the biggest single-day loss of any public company in history )
- Broadcom down 17 %
- TSMC down 13 %
DeepSeek, as you’ve possibly heard, is the newest Foreign industry and a cause of sleep loss for American officials and businessmen. In the US, DeepSeek is still the most widely downloaded free game for smartphones right now, topping the App Store. Many are asking themselves: if there are choices this cheap and effective, why are we paying hundreds of billions ( or even more ) for our own AI models because it’s supposedly so much less expensive than its American AI counterparts? Nobody knows what the death of DeepSeek will be at this time, but one could look at how TikTok is being treated in different nations around the world and come up with some suggestions. In Italy, for instance, they’ve previously banned DeepSeek.
According to reports, Italy’s data security specialist announced that it had blocked the Taiwanese artificial intelligence service DeepSeek due to lack of transparency in how personal data is handled.
As of Wednesday, DeepSeek was no more accessible through Apple’s or Google’s game retailers in Italy. This motion followed the agency’s ask for details on how the unit collects, processes, and stores personal data, including the sources of the data, its intended use, and whether any data is stored in China.
The decision was made in response to what the expert deemed to be a” totally insufficient” response from the Chinese businesses that run DeepSeek and was presented as an attempt to prevent Italian users ‘ data. The organization stated in a statement on its website that the suspension instantly began in the middle of this week and that a proper inspection had been launched.
Have you tried DeepSeek now?