DeepSeek, a large, open-source AI model, is currently on version 3, which was released in late December 2024. DeepSeek V3 is a groundbreaking development in the AI landscape, demonstrating that high performance doesn’t have to come with an exorbitant price tag. Developed for a remarkably low cost compared to industry giants, DeepSeek V3 leverages a Mixture of Experts (MoE) approach to achieve impressive efficiency, activating only the necessary parameters for a given task. This, along with its commitment to open-source principles, makes DeepSeek V3 a powerful tool accessible to a wider range of developers and businesses.

What Big Names Say About DeepSeek V3?

DeepSeek V3 is being lauded as a major development in the AI industry, particularly for Chinese AI. OpenAI founding member Karpathy expressed shock at the model, Meta scientists have been impressed by it, and SemiAnalysis’s chief analyst even remarked that “DeepSeek is reshuffling the global AI industry with lower costs and higher efficiency”. DeepSeek V3 is seen as a sign that Chinese AI companies are no longer just “followers,” but true “participants” on the global stage.

DeepSeek V3’s success stems from several factors:

• Low Development Cost: DeepSeek V3 was developed for just USD 5.57 million, significantly less than the hundreds of millions of dollars spent by other companies developing large AI models.
• High Performance: Despite its low cost, DeepSeek V3’s performance is on par with or even exceeds that of other large AI models, such as Claude 3.5 Sonnet and GPT 4o.
• Open Source and Collaborative Approach: DeepSeek V3’s code and technical papers are open source, encouraging collaboration and innovation.
• Focus on Technology: DeepSeek prioritizes technological innovation over pursuing rapid commercialization, which has allowed them to develop advanced technology without large subsidies or capital investment.

Conclusion

DeepSeek V3 is seen as a potential “game-changer” for the AI industry. Its low cost, high performance, and focus on collaboration are challenging the industry’s status quo. Rather than competing with companies like OpenAI for market share, DeepSeek aims to be a reliable technology platform for developers and businesses, empowering them to build new applications and services.

By democratizing access to cutting-edge AI technology, DeepSeek V3 is fostering innovation and collaboration, paving the way for a future where AI is not limited to well-funded corporations but empowers individuals and smaller organizations to harness its transformative potential.