The Annalist

Companies

DeepSeek

Hangzhou-based Chinese AI lab that releases open-weight models.

In the book

Events

  1. Turning point ModelsOpen modelsMoney and markets Draft

    China's DeepSeek releases an open model on par with OpenAI, and Nvidia stock plunges

    In January 2025, Chinese company DeepSeek released R1, an open model it said reasons as well as OpenAI's best. A week later Nvidia shares fell about 17%, a record one-day loss of value in US market history.