DeepSeek Isn’t the Only Low-Cost AI Startup. Here’s What It Means for OpenAI and Nvidia. | The Motley Fool

DeepSeek is an artificial intelligence (AI) research lab based in China. It was spun out of the country’s most successful hedge fund, High-Flyer, in 2023. The fund had been using AI for years to develop trading algorithms.

The DeepSeek team found a way to develop powerful large language models (LLMs) for a tiny fraction of the money being spent by America’s leading AI companies. It triggered a panic in the U.S. stock market on Monday as…