What is DeepSeek? Everything you need to know about the new ChatGPT rival that's taken the App Store by storm
DeepSeek is a Chinese-owned AI startup and has developed its latest LLMs (called DeepSeek-V3 and DeepSeek-R1) to be on a par with rivals ChatGPT-4o and ChatGPT -o1 while costing a fraction of the price for its API connections. And because of the way it works, DeepSeek uses far less computing power to process queries.