Stella Dziedzorm Sogli sits with Ralph Gerbs
DeepSeek is a Chinese AI-powered chatbot that has in the past few days risen to compete with US’ ChatGPT and led to a crash in the global stock market.
According to reports, the app’s sudden popularity was attributed to its cheap and affordable nature as well as its similarity to already existing AI.
DeepSeek’s reportedly low costs threw the stock markets into a spin costing chip-manufacturing companies over $600 million in losses.
DeepSeek was launched in July 2023, but its AI assistant app was not released in the US until January 10.
CEO and founder of Ghanaian fintech, CediRates, Ralph Gerbs said DeepSeek is a good thing for consumers since it is free as compared to ChatGPT which charges its users.
Speaking to GhanaWeb Business’ Stella Dziedzorm on this week’s edition of BizTech, he said DeepSeek being open source is a good thing for developers in Africa since they have limited access to investments.
“US investors may not need to bring their investments to Africa since they have the expertise in their country, therefore software like DeepSeek may broaden the scope for developers,” he noted.
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