OpenAI chief Altman says DeepSeek’s R1 model ‘impressive’ ...Middle East

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DeepSeek, a low-cost Chinese artificial intelligence model, grabbed global attention last month when it stated in a paper that training its DeepSeek-V3 model required less than $6 million in computing power using the lower-capability Nvidia H800 chips.

“DeepSeek’s r1 is an impressive model, particularly around what they’re able to deliver for the price,“ Altman said on X.

DeepSeek’s emergence has raised doubts about the reasoning behind some U.S. tech companies’ decision to pledge billions of dollars in AI investment, and shares of several big tech players, including Nvidia, have been hit.

Nvidia saw a record one-day loss of $593 billion in market value on Monday, marking the largest single-day loss for any company on Wall Street.

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