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Published 09:39 IST, January 28th 2025

'DeepSeek To Challenge US Supremacy...' Uday Kotak On Chinese AI Startup

He also highlighted the significance of up and coming countries in the AI space.

Reported by: Business Desk
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'DeepSeek To Challenge US Supremacy...' Uday Kotak On Chinese AI Startup | Image: Reuters

Founder & Director, Kotak Mahindra Bank, Uday Kotak has posted on X highlighting the significance of DeepSeek in the Artificial Intelligence (AI) space. He also highlighted the significance of up and coming countries in the AI space.

What Did Uday Kotak Write?

“China intensifies the global tech race with DeepSeek to challenge US supremacy in the AI world. It has topped Apple App Store rankings. As the race to the top progresses, it is time other aspiring countries step up the game.” Uday Kotak posted on X.

What Is DeepSeek?

DeepSeek is an AI startup founded in 2023 in Hangzhou, China. It released its first AI large language model later in the same year. DeepSeek's CEO Liang Wenfeng has previously co-founded one of China's top hedge funds, High-Flyer, which focuses on AI-driven quantitative trading.

DeepSeek drew more attention of the AI industry in December 2024 when it released a new AI model. It boasted that it was on par with similar models from US companies such as ChatGPT maker OpenAI. However, DeepSeek was more cost-effective in its use of expensive Nvidia chips to train the system on huge troves of data.

The appeared on Apple and Google app stores early in 2025, wherein it garnered traction. A research paper published on January 20, same day as Donald Trump's inauguration, that it gained widespread popularity.

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Updated 09:39 IST, January 28th 2025