DeepSeek, a rapidly emerging AI firm from China, announced on Monday that it will temporarily halt new user registrations in response to significant cyber threats.
Current users need not worry, as they can continue accessing their accounts without any interruptions, according to the company’s incident report posted on its website.
Significant Growth and Recognition
This announcement comes at a time when DeepSeek is experiencing remarkable growth.
Its latest AI model has placed the company in league with industry leaders such as OpenAI’s ChatGPT and Google’s Gemini, all while claiming to offer these advanced services at a much lower price point.
Founded just this year, DeepSeek recently launched its groundbreaking model, R1, which has garnered considerable attention.
Venture capitalist Marc Andreessen, known for his role as an advisor to former President Trump, praised DeepSeek R1 as one of the most significant innovations he has ever encountered.
Market Impact and Investor Concerns
In addition to its technological advancements, DeepSeek’s mobile app skyrocketed to the top of the Apple App Store’s free download rankings on Monday, surpassing ChatGPT in popularity.
However, this surge in success has sparked worries among investors, contributing to a dip in tech stock values.
Notably, Nvidia, a major supplier of chips to leading AI enterprises, saw its shares drop by over 15% during the same trading session.
Navigating Challenges Ahead
As DeepSeek navigates these exciting yet challenging waters, its journey exemplifies the dynamic landscape of the AI industry, where growth and caution often go hand in hand.
Source: Fastcompany