(KRON) — Chinese AI startup DeepSeek announced Monday that it had been hit by a large-scale cyberattack. The one-year-old startup launched its R1 AI model last week and has since drawn comparisons to OpenAI.
On Monday, DeepSeek announced that it would be temporarily limiting registrations to “ensure continued service.” Existing users, according to DeepSeek, are still able to log in as usual.
“Thanks for your understanding and support,” the company said in a message on its status page.
Monday also saw heavy losses for Big Tech stocks as DeepSeek threatens to upend Wall Street’s AI frenzy. The S&P 500 was down 1.9% in midday trading and heading for its worst day in over a month.
With Nvidia down 17.6%, the Nasdaq composite was down 3.3%. Financial markets are apparently reeling following DeepSeek’s announcement that it had created a large language model that can compete with U.S. AI giants, but at a fraction of the cost.
Already, DeepSeek’s app hit the top of the Apple App Store chart Monday morning. Analysts said such a feat was particularly impressive, given how the U.S. government has restricted Chinese access to top AI chips.
Earlier Monday, DeepSeek was hit by a website outage which has since been resolved.
The Associated Press contributed to this report.
(KRON) — Chinese AI startup DeepSeek announced Monday that it had been hit by a large-scale cyberattack. The one-year-old startup launched its R1 AI model last week and has since drawn comparisons to OpenAI. On Monday, DeepSeek announced that it would be temporarily limiting registrations to “ensure continued service.” Existing users, according to DeepSeek, are […]
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