Chinese AI startup DeepSeek’s claim of developing a powerful AI model at a much lower cost than major tech giants like Alphabet’s (GOOGL)

Google DeepMind CEO Demis Hassabis said that DeepSeeks AI model is probably China's most impressive work but noted that it relies on existing techniques, suggesting the hype around it is a bit exaggerated.

At the Artificial Intelligence Action Summit, Google's Demis Hassabis expressed skepticism over DeepSeek's AI model cost claims. He pointed out potential oversights in DeepSeek's reported training expenses and accused reliance on Western AI models.