DeepSeek sent shock waves through the global tech market ahead of the Lunar New Year - sinking the value of semiconductor giant Nvidia and other large companies driving the artificial intelligence (AI) boom - as the Chinese start-up achieved a feat once-considered impossible by Silicon Valley.

DeepSeek, a Chinese AI company, is making big waves in artificial intelligence. On January 20, 2024, they launched DeepSeek R1

Chinese tech startup DeepSeek released a model of its AI service that seemingly is on-par with U.S.-based competitors like ChatGPT, but required far-less computing power.

People across China have taken to social media to hail the success of its homegrown tech startup DeepSeek and its founder, after the company unveiled its newest artificial intelligence model, sending shock waves through Silicon Valley and Wall Street.