DeepSeek: Everything you need to know about the AI chatbot app

techcrunch.comPublished: 5/28/2025

Summary

DeepSeek's chatbot app hit the charts worldwide, sparking buzz about China's AI capabilities and whether they can challenge global tech leaders like the U.S. Backed by High-Flyer Capital, a hedge fund founded by former trading expert Liang Wenfeng, DeepSeek developed its own data centers and leveraged Nvidia chips despite export restrictions. Its reasoning model R1 stands out for its reliability in complex domains but faces criticism from U.S. authorities due to perceived ties to China's influence. Meanwhile, companies like Microsoft and Meta are exploring partnerships with DeepSeek, though it remains under scrutiny in the U.S., with some banning its models on government devices.