DeepSeek announced on Monday that it would temporarily limit user registrations due to large-scale malicious attacks on its services. On Monday, DeepSeek dethroned ChatGPT as the most-downloaded free app in the U.S. on Apple's App Store, sparking a tech stock sell-off. The company's newly released R1 model is an open-source reasoning model that has drawn praise from developers and analysts for its performance and cost-efficiency. DeepSeek reportedly trained its R1 model at a fraction of the cost of competing models from OpenAI, Anthropic, and Google.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02DeepSeek announced on Monday that it would temporarily limit user regulations due to
00:07large-scale malicious attacks on its servers. DeepSeek dethroned ChatGBT as the most downloaded
00:13free app in the U.S. on Apple's App Store on Monday, sparking a tech stock sell-off.
00:18The company's newly released R1 model is an open-source reasoning model
00:22and has drawn praise from developers and analysts for its performance and cost efficiency.
00:27DeepSeek reportedly trained its R1 model at a fraction of the cost of competing models
00:32from OpenAI, Anthropic, and Google. For all things money, visit Benzinga.com slash GSTV.