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Tech February 4, 2025

DeepSeek helps Europe’s tech firms catch up in global AI race

Chinese AI model DeepSeek is disrupting the AI market by offering significantly lower prices than OpenAI’s ChatGPT, attracting startups like Novo AI and NetMind.AI. CEO Hemanth Mandapati of Novo AI switched to DeepSeek in minutes and reported cost savings without performance differences. DeepSeek’s pricing is 20 to 40 times cheaper than OpenAI, making AI more accessible, especially in Europe, where funding lags behind the U.S. The model’s affordability challenges Big Tech dominance, and competition is intensifying, with Microsoft now offering OpenAI’s o1 model for free. Analysts see DeepSeek as a game changer despite some skepticism about its low training costs.

Source – CGTN

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