Why This Google Executive Thinks the Hype Around DeepSeek Is Overblown
Last month, a new artificial intelligence (AI) model emerged and made headlines in the markets for its effectiveness and low cost. Chinese company DeepSeek said its AI chatbot performed similarly to ChatGPT and that it cost less than $6 million to develop, causing many to wonder whether tech giants are spending effectively when it comes to AI.One company that falls into that category is Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), which owns Google and has been developing its own chatbot, Gemini. But despite the alarm bells that DeepSeek has set off in the markets, one top Google executive doesn't appear all that concerned.Demis Hassabis is the CEO of Google DeepMind, which is involved with AI development at the tech company. Hassabis admits he was impressed with the DeepSeek AI model, but he also points out that it doesn't possess any game-changing abilities. "Despite the hype, there's no actual new scientific advance," says Hassabis, trying to put into perspective just what the launch of DeepSeek might mean for the tech sector.Continue reading
Last month, a new artificial intelligence (AI) model emerged and made headlines in the markets for its effectiveness and low cost. Chinese company DeepSeek said its AI chatbot performed similarly to ChatGPT and that it cost less than $6 million to develop, causing many to wonder whether tech giants are spending effectively when it comes to AI.
One company that falls into that category is Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), which owns Google and has been developing its own chatbot, Gemini. But despite the alarm bells that DeepSeek has set off in the markets, one top Google executive doesn't appear all that concerned.
Demis Hassabis is the CEO of Google DeepMind, which is involved with AI development at the tech company. Hassabis admits he was impressed with the DeepSeek AI model, but he also points out that it doesn't possess any game-changing abilities. "Despite the hype, there's no actual new scientific advance," says Hassabis, trying to put into perspective just what the launch of DeepSeek might mean for the tech sector.
