What is DeepSeek and why did it cause a panic in the artificial intelligence market.

The DeepSeek application has become a leader in the American App Store and has over a million downloads on Google Play.

DeepSeek is a conversational AI model that can generate text, search for information online, and create code. It has two modes - DeepThink and Search, which are responsible for solving logical and mathematical problems, as well as for searching for information with ready-made answers and links.

Versions DeepSeek-V3 and DeepSeek-R1 have entered the market, developed quickly and with fewer costs compared to Western competitors.

The application is popular in Ukraine and ranks second in the top chart of the Ukrainian App Store.

The success of DeepSeek has led to a drop in stocks of American technology giants, but to achieve success, it is important not only to have a powerful and economical AI model but also to use it in practice.

The President of the United States, Donald Trump, has expressed concern about DeepSeek and considers it a competitor to American models. However, he also sees it as a positive phenomenon, as it will allow achieving the same result at lower costs.

Trump has urged American companies to focus on competition and believes that American scientists are the best in the world, but the development of faster and cheaper AI solutions in China may pose challenges for the USA.

According to banks, global banks may cut up to 200,000 jobs due to the use of artificial intelligence capable of performing tasks that were previously done by humans.