‘More and more’ cheap AI models will emerge as Chinese DeepSeek disrupts markets

[Pelican Press 0]

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‘More and more’ cheap AI models will emerge as ******** DeepSeek disrupts markets

A senior Labor minister says there will be more artificial intelligence products like DeepSeek emerging in the years ahead, after a new low-cost ******** model derailed the US tech sector.

Giant US chip maker Nvidia suffered an almost $1 trillion (AUD) wipe off on the US stock exchange on Monday (local time) — the biggest fall in history — and other tech companies were also dealt a blow, in response to the cheap ******** open-source AI chat-bot.

Industry Minister Ed Husic said he was of a view “more and more of these products” will be made and rolled out.

“Why? Because there is a deep interest in using AI to be able to speed up the way that we do things,” he told ABC Radio.

The DeepSeek model appears similar to ChatGPT, and reportedly uses old, outdated microchips that require much less energy and space. DeepSeek claims to have only spent about AUD $10 million.

Users have been quick to identify major censorship issues with the new ******** model, including a failure to answer questions on the Tiananmen Square protests and public critiques of ******** President Xi Jinping.

It also insists Taiwan is an “inalienable part” of China, and that alleged human rights abuses in Xinjiang are “unfounded and politically motivated”.

Mr Husic said people would make their own decisions about what model of AI they used based on quality.

“They want it right and done fast, done properly. People will put these new products through their paces,” he said.

“But this has been a long march towards the greater use of AI since its development post-World War II, and I just believe that’s going to continue well into the future.

“If anything, it will accelerate.”

In a statement, Nvidia welcomed the ******** AI’s sudden appearance, describing the emergent model as an “excellent AI advancement”.

“DeepSeek’s work illustrates how new models can be created using that technique, leveraging widely available models and computing that is fully export control compliant,” Nvidia said in its statement.

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