Global governments have moved to restrict DeepSeek, a Chinese artificial intelligence chatbot, citing security concerns about user data handling. South Korea and Australia led recent bans on government devices, with the United States considering similar measures.
DeepSeek emerged as a significant market disruptor in January when it revealed dramatically lower development costs compared to American competitors. The company's announcement triggered a sharp decline in U.S. technology stocks, notably affecting industry leader Nvidia.
Founded in 2023 by entrepreneur Liang Feng in Hangzhou, DeepSeek released its latest model, DeepSeek R1, as a free AI chatbot similar to OpenAI's ChatGPT. Feng previously established the successful $7 billion...