DeepSeek’s deep impact and Australia’s mineral conundrum

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Financial Times 19h ago

DeepSeek’s deep impact and Australia’s mineral conundrum - Financial Times

Quick Summary:

One of the biggest questions surrounding DeepSeek, the Chinese AI developer shaking up the tech world, is just how it achieved its claimed breakthrough in low-cost model training.

The Chinese company’s sudden release of a chatbot that it says was radically cheaper to develop dropped a bomb on an industry that for the past two years has operated under the assumption that the only way forward in AI was to have more computing firepower.

SoftBank is in talks to lead a funding round for AI robotics start-up Skild AI that would more than double its valuation to close to $4bn, write the Financial Times’ Stephen Morris, David Keohane and George Hammond.