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DeepSeek: Open-Source AI, Cost-Effective LLMs and Global Impact

DeepSeek has become a rising player in the AI world with its innovative approach to large language models (LLMs) and cost-efficient solutions. In the past week, the company’s AI chatbot became the most downloaded app on Apple’s App Store in the United States, overtaking ChatGPT. To find out more about Deepseek, we have gathered the answers to some of the most frequently asked questions about DeepSeek

1. What is DeepSeek?

DeepSeek is a Chinese artificial intelligence company that develops open-source large language models (LLMs). Founded in 2023, it’s based in Hangzhou, China.

2. Who founded DeepSeek?

DeepSeek was founded by Liang Wenfeng, who previously co-founded High-Flyer, a Chinese hedge fund focused on AI-driven quantitative trading.

3. What is DeepSeek’s flagship product?

DeepSeek’s flagship product is the DeepSeek-V3 AI model, which has 671 billion parameters and powers their AI Assistant.

4. How does DeepSeek compare to other AI companies?

DeepSeek claims its models perform on par with or better than industry-leading models from the United States, but at a fraction of the cost.

5. Is DeepSeek’s technology open-source?

Yes, DeepSeek has made its generative AI chatbot open-source, allowing free use, modification and viewing of its code.

6. How much did it cost to train DeepSeek’s models?

DeepSeek claims the training of DeepSeek-V3 required less than $6 million worth of computing power, significantly less than comparable Western models.

7. What is DeepSeek’s R1 model?

DeepSeek R1 is a model that uses chain-of-thought reasoning, similar to OpenAI’s o1. It’s designed to provide more logical and accurate responses.

8. How has DeepSeek impacted the AI industry?

DeepSeek’s cost-efficient, high-performing models have disrupted the AI sector, causing stock market fluctuations and intensifying the global AI race.

9. What is DeepSeek’s hiring strategy?

DeepSeek focuses on recruiting young AI researchers from top Chinese universities and also hires from outside the computer science field to diversify its models’ knowledge.

10. How does DeepSeek’s pricing compare to competitors?

DeepSeek offers competitive pricing, with API costs at $0.55 per million input tokens and $2.19 per million output tokens, which has sparked a price war among Chinese AI companies.

11. What is DeepSeek Coder?

DeepSeek Coder is an AI-powered coding assistant developed by DeepSeek. It’s designed to help developers with various programming tasks across multiple languages.

12. How does DeepSeek ensure the ethical use of its AI?

DeepSeek has implemented safeguards and guidelines for ethical AI use, but specific details of their approach are not widely publicised.

13. What languages does DeepSeek’s AI support?

DeepSeek’s models support multiple languages, with a primary focus on Chinese and English, but the full extent of language support may vary by model.

14. How can developers access DeepSeek’s API?

Developers can access DeepSeek’s API through their official website, where they can register for API keys and access documentation.

15. What industries is DeepSeek targeting with its AI solutions?

DeepSeek is targeting a wide range of industries, including technology, finance, healthcare, and education, with its AI solutions.

16. How does DeepSeek handle data privacy and security?

DeepSeek claims to prioritise data privacy and security, but detailed information about their specific measures is not widely available.

17. What is DeepSeek’s stance on AI regulation?

DeepSeek has expressed support for responsible AI development, but their specific stance on AI regulation is not widely publicised.

18. How does DeepSeek collaborate with academic institutions?

DeepSeek collaborates with various academic institutions for research and talent recruitment, but specific partnerships are not widely known.

19. What is DeepSeek’s approach to multimodal AI?

While DeepSeek is primarily known for its language models, information about their approach to multimodal AI (combining text, image and other data types) is limited.

20. How does DeepSeek plan to compete globally in the AI market?

DeepSeek aims to compete globally by offering high-performance models at lower costs and through open-source initiatives, but detailed long-term strategies are not public.

With its open-source approach, cost efficiency and emphasis on global competition, DeepSeek is poised to reshape the AI industry. Whether you’re a developer, a researcher or a business leader, DeepSeek’s solutions is definitely worth exploring.

Call to Action

If you’d like to delve deeper into how these trends can reshape your organisation, we would be delighted to discuss them in more detail. Invite Mark Kelly, Founder of AI Ireland, to speak at your next team meeting, conference or strategy session. We can explore practical ways to harness AI responsibly, meet sustainability goals, and navigate the evolving consumer landscape. Let’s work together to ensure Ireland remains at the vanguard of innovation in 2025 – and beyond.


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AI Ireland's mission is to increase the use of AI for the benefit of our society, our competitiveness, and for everyone living in Ireland.

2 replies on “DeepSeek: Open-Source AI, Cost-Effective LLMs and Global Impact”

[…] DeepSeek has rapidly become one of the most downloaded apps worldwide, capturing the AI community’s imagination – and its caution. Developed by a Chinese startup, the DeepSeek-R1 frontier reasoning model has quickly stirred both excitement and alarm. Just weeks after its launch, several governments have already imposed bans, citing significant security concerns. […]

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