China’s DeepSeek gives Europe’s tech firms a way to catch up in global AI arms race
DeepSeek technology is transforming the AI landscape by providing advanced models at significantly lower costs, enabling European start-ups to compete more effectively against US giants. Hemanth Mandapati, CEO of German start-up Novo AI, recently transitioned from OpenAI’s technology to DeepSeek’s AI model, citing the ease of migrating applications as a key advantage. His experience underscores the accessibility of DeepSeek's offerings, which can be adopted without substantial investment of time or resources.
The introduction of DeepSeek is seen as a potential game changer for European tech start-ups, which have historically faced challenges in accessing affordable AI solutions compared to their US counterparts. Mandapati highlighted the cost benefits, noting that DeepSeek's pricing was five times lower than other options without sacrificing performance. Industry executives, including Seena Rejal from NetMind.AI, believe this shift not only democratizes AI technology but also encourages broader innovation and competition among AI providers, ultimately benefiting the market as a whole.
via SCMP Full Text Feed
DeepSeek technology is transforming the AI landscape by providing advanced models at significantly lower costs, enabling European start-ups to compete more effectively against US giants. Hemanth Mandapati, CEO of German start-up Novo AI, recently transitioned from OpenAI’s technology to DeepSeek’s AI model, citing the ease of migrating applications as a key advantage. His experience underscores the accessibility of DeepSeek's offerings, which can be adopted without substantial investment of time or resources.
The introduction of DeepSeek is seen as a potential game changer for European tech start-ups, which have historically faced challenges in accessing affordable AI solutions compared to their US counterparts. Mandapati highlighted the cost benefits, noting that DeepSeek's pricing was five times lower than other options without sacrificing performance. Industry executives, including Seena Rejal from NetMind.AI, believe this shift not only democratizes AI technology but also encourages broader innovation and competition among AI providers, ultimately benefiting the market as a whole.
via SCMP Full Text Feed
