DeepSeek promises to boost China’s GDP by 2030
The sudden emergence of Chinese startup DeepSeek in the large language models market is becoming a catalyst for the large-scale implementation of artificial intelligence in China and opens new perspectives for the country’s economic growth.
According to Goldman Sachs analysts’ forecasts, the impact of artificial intelligence technologies on China’s economy will begin to manifest as early as next year. Experts expect that by 2030, AI’s contribution to the country’s GDP will amount to 20 to 30 basis points, mainly due to productivity improvements through AI automation.
“DeepSeek’s recent emergence indicates faster AI development and implementation in China than we previously assumed,” note the Wall Street bank’s economists.
DeepSeek’s success is already reflected in the stock market: the MSCI China index has shown impressive growth of more than 21% from January’s minimum, according to LSEG data. Morgan Stanley in its recent report indicates that the emergence of a new player in the AI market is forcing investors to reassess the investment attractiveness of the Chinese market after a long period of skepticism.
“DeepSeek demonstrates that China is at the forefront of AI development or as close as possible to it. This enhances the prestige of China’s economy and technological ecosystem, making them more attractive to global investors,” comments Gabriel Wildau, managing director of Teneo.
Notably, DeepSeek’s success is connected not only with technological achievements but also with economic efficiency: the company developed a competitive AI model at significantly lower costs compared to American competitors. This caused a substantial drop in technology companies’ quotations in Asia and Europe, particularly affecting shares of giants like Nvidia.
DeepSeek is also having a significant impact on China’s internal technological ecosystem: government structures and large technology companies, including competitors, are actively using the startup’s open architecture, which contributes to accelerated development of AI technologies in the country.
Autor: AIvengo
For 5 years I have been working with machine learning and artificial intelligence. And this field never ceases to amaze, inspire and interest me.
Qualcomm welcomes TSMC's $100 billion investmentTaiwan Semiconductor Manufacturing Co. (TSMC)'s $100 billion investment in expanding production in the United States is "great news," said Qualcomm CEO Cristiano Amon in an interview with CNBC on Tuesday, March 4, 2025. According to him, this contributes to the diversification of semiconductor manufacturing locations.
DuckDuckGo strengthens generative AI integrationThe privacy-focused search service DuckDuckGo continues to strengthen its position in the field of generative artificial intelligence. According to a blog post published on Thursday, March 6, 2025, the company announced the completion of beta testing for its chat interface, which is now officially called Duck.ai, abandoning the more cumbersome name DuckDuckGo AI Chat.
Digital scandal at Los Angeles TimesBillionaire and Los Angeles Times owner Patrick Soon-Shiong, who introduced a new AI tool for generating opposing perspectives to opinion section materials, was unaware that the system created pro-KKK arguments less than 24 hours after launch — and even hours after the scandalous AI comments were removed from the publication's website. The incident created a huge obstacle for the Times, which seeks to bring back old subscribers and attract new ones through innovative technological solutions.
Google Shopping launches AI toolGoogle announced the launch of a new AI tool for the Shopping tab that will help users find clothing based on their verbal description. The announcement, made on Wednesday, March 5, 2025, also includes expanding the capabilities of augmented reality (AR) tools for cosmetics and virtual try-on.
"Cannot help with answers about elections and political figures": GeminiTechnology giant Google continues to limit the capabilities of its AI assistant Gemini in the area of political discourse, despite the fact that the company's main competitors, including OpenAI, Anthropic, and Meta, have already adapted their chatbots to discuss politically sensitive topics in recent months.
