Chinese AI developer DeepSeek has used its first public appearance in nearly 12 months to send a warning to its peers over the danger of the technology.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Pessimistic View
DeepSeek, which rocked U.S. tech stocks earlier this year with a model outgunning their capabilities but at a cheaper price, sent along a senior researcher to a Chinese government-organized internet conference.
Chen Deli took the stage alongside the chief executives of five other companies including Unitree and BrainCo at the World Internet Conference in the city of Wuzhen, in the eastern province of Zhejiang. The six companies together are known in China as “six little dragons” for AI.
Deli served up a pessimistic view about AI’s future impact on humanity. He said AI could be a great aid to humans as it improved over the short term, but that it could threaten job losses in the next 5 to 10 years as it becomes good enough to take over some of the work humans perform.
He urged fellow AI firms to be aware of these risks.
“In the next 10-20 years, AI could take over the rest of work (humans perform) and society could face a massive challenge, so at that time tech companies need to take the role of ‘defender’,” he said. “I’m extremely positive about the technology but I view the impact it could have on society negatively.”
AI Race
This marked the first public appearance for the firm since founder and CEO Liang Wenfeng met Chinese President Xi Jinping at a televised meeting with local entrepreneurs in February.
Neither Liang nor the company have commented publicly on their success and they have skipped major Chinese technology conferences in the country in the months since. But its impact continues unveiling, in September an upgrade to its V3 model, which it described as its latest “experimental” version that is more efficient to train and better at processing long sequences of text than previous iterations.
In addition, Chinese AI chip companies including Cambricon and Huawei have developed hardware compatible with DeepSeek’s models.
DeepSeek has also in many ways been seen as the poster child of Chinese AI as the country tries to battle the U.S. and companies such as Nvidia (NVDA) and Alphabet (GOOGL) for top spot in the technological race.
What are the Best Chinese Stocks to Buy Now?
We have rounded up the best Chinese stocks to buy now using our TipRanks comparison tool.
