Elon's No. 1 Investment During Trump's Term

Because Elon just poured $51 million into a new metal -- a "miracle metal" that is poised to solve the $267 Billion problem Elon says "will become increasingly critical in the next year"...With Trump in office... and Elon by his side... an early investment in a "miracle metal" that is going to revolutionize the AI market...We could be in for a very exciting year.

DeepSeek Suffers 'Degraded Performance,' Says Hit By 'Large-Scale Malicious Attacks' After Rapidly Emerging As App Store Chart Topper

Ananya Gairola
January 27, 2025

On Monday, Chinese AI startup DeepSeek was targeted by significant cyberattacks, coinciding with its growing prominence in the AI sector.

What Happened: DeepSeek reported being targeted by “large-scale malicious attacks” on its services. The company has temporarily restricted new user registrations following these incidents.

Source: DeepSeek

The attacks coincided with outages on DeepSeek’s website, which occurred after its AI assistant became the top-rated free app on Apple Inc.'s (NASDAQ:AAPL) App Store in the U.S.

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Why It Matters: The emergence of DeepSeek as a formidable player in the AI landscape has raised eyebrows globally. Chinese quant firm High-Flyer-backed DeepSeek unveiled its R1 language model (LLM) as an open-source offering earlier this month. 

The model dubbed as ChatGPT killer boasts 50 times lower costs than OpenAI. It uses a hybrid architecture for enhanced accuracy.

Over the weekend, Aravind Srinivas, CEO of Perplexity, also applauded DeepSeek’s achievement of becoming the top-rated app on the App Store.

On Monday, Nvidia Corporation (NASDAQ:NVDA) stock came under pressure as investors digested the emergence of a formidable ChatGPT-rival DeepSeek. The Chinese startup’s researchers said their model’s impressive performance was underpinned by Nvidia H800 chips that cost under $6 million. Nvidia responded by noting that DeepSeek was fully export control compliant.

​​However, analysts like Gene Munster from Deepwater Asset Management believe the market may be overreacting.

Image via Shutterstock

Check out more of Benzinga's Consumer Tech coverage by following this link.

Read Next:

  • Apple's iPad Turns 15 Today: Here's A Throwback To When Steve Jobs Explained Called It The ‘Third Category' After Phones And Notebooks

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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