Analysis: How DeepSeek’s AI model is driving investors into an uncomfortable reality

The release of a competitive low cost large language models not only shifts the AI narrative away from expensive hardware, but also prompts debate about a potential inflection point for fund managers, with some models potentially not surviving.

The November 2022 release of ChatGPT introduced generative artifical intelligence (GenAI) into the mainstream vocabulary. The rapid adoption of OpenAI’s chatbot epitomised technology’s disruptive nature, amassing a million users within five days. By the start of the new year, the platform had reached 100 million customers, a figure that quickly ballooned to over a billion by the first anniversary of ChatGPT’s launch.

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