‘No surprise’ China’s DeepSeek able to compete with ChatGPT

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NEXTDC Chief Executive Craig Scroggie claim it is “no surprise” China is producing an AI model with “extraordinary capabilities”.

Chinese AI app DeepSeek has caused a stir in the market after the company claimed to have built its program at a fraction of the cost of its US competitor ChatGPT.

Nvidia shares plunged almost 17 per cent following the release of DeepSeek.

“As the technology continues to improve, we will use more of it,” Mr Scroggie told Sky News Business Editor Ross Greenwood.
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