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Shared scooter startup Voi reports its first profitable year as it explores an IPO

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Voi Achieves First Profitable Year, Reports €132.8 Million in Net Revenue

Financial Results

Voi, a Swedish shared micromobility giant, has announced its first profitable year in 2024, according to preliminary unaudited results. The company recorded €132.8 million ($138 million) in net revenue in 2024. On an adjusted basis, Voi earned €17.2 million ($17.9 million) in earnings before interest, taxes, depreciation, and amortization (EBITDA) and around €100,000 ($104,000) in adjusted earnings before interest and taxes (EBIT).

CEO’s Perspective

Voi’s founder and CEO, Frederik Hjelm, emphasized that these modest results demonstrate the company’s ability to improve its bottom line by 100 percentage points since 2021, despite being in a "tough industry with lots of ups and downs."

Cost-Cutting Measures and Efficiency Improvements

Hjelm attributed Voi’s improved bottom line to a series of cost-cutting measures and efficiency improvements, including automation on the product side, using machine learning models to power predictive maintenance or determine battery swapping schedules. He also noted that these efforts have helped Voi improve the lifespan of its current fleet to around eight years, which has been a "big driver of profitability improvements."

Vehicle Utilization and Profit Margins

Vehicle utilization is also healthy, with each vehicle averaging up to 10 rides per day during peak months and two rides per day at off-peak. Hjelm said the company’s vehicle profit margins, which grew to 57%, up from 49% in 2023, can be considered a "proxy" for the company’s gross margin.

Funding and Expansion Plans

Voi ended 2024 with €60 million ($62 million) in cash and cash equivalents. In October 2024, the company secured €125 million in senior secured bonds ($130M) from Nordic and American institutional investors. The company has completed its first drawdown of €50 million ($52 million) from the bond issuance, which will be used to help expand its fleet and launch in new markets across Europe.

Conclusion

Voi’s first profitable year is a significant milestone for the company, demonstrating its ability to improve its bottom line and achieve financial stability. With its cost-cutting measures and efficiency improvements, the company is well-positioned for future growth and expansion.

FAQs

Q: What were Voi’s financial results for 2024?
A: Voi reported €132.8 million in net revenue and €17.2 million in adjusted EBITDA.

Q: What were Voi’s profit margins in 2024?
A: Voi’s vehicle profit margins grew to 57%, up from 49% in 2023.

Q: What are Voi’s plans for expansion?
A: Voi plans to use its cash to expand its fleet and launch in new markets across Europe.

Q: Are there any acquisition plans for Voi?
A: There are no confirmed acquisition offers, but Voi’s CEO is open to acquiring Bolt’s micromobility business at the right price.

The Best Alexa Devices of 2025

What is the best Alexa device right now?

Since its debut in 2014, Amazon’s Alexa has become America’s leading voice assistant and smart home automation system. Alexa is integrated into smart home devices like smart hubs, Amazon Echo speakers, smart thermostats, smart lightbulbs, and home security cameras.

After testing almost all of the Amazon Echo devices featured on the e-commerce site at this time and dozens of Alexa-compatible devices, the best Alexa device is the third-generation Amazon Echo Show 8.

The best Alexa devices of 2025

The Echo Show 8 is a smart display with a spatial audio speaker that delivers rich sound quality and a full Alexa experience. Here are some of the best Alexa devices that can help you outfit your home with smart home devices:

Alexa device ZDNET’s take Price Features
Echo Show 8 Best overall $150 8-in smart display | Spatial audio
Echo Dot Best for a budget $50 Vibrant sound | Temp & motion sensor
Ring Battery Doorbell Plus Best video doorbell $180 1536p head-to-toe video
Echo Studio Best smart speaker $200 Dolby Atmos | Fire TV support
Echo Hub Best smart home panel $180 Zigbee, Matter & Thread | No ads

Factors to Consider When Choosing an Alexa Device

When choosing an Alexa device, consider the following factors:

  • Device type: The device type will depend significantly on what you’ll be using your Alexa device and where you’re putting it.
  • Sound quality: If you’re using your Alexa device as a speaker to listen to music, you’ll likely value its good sound quality.
  • Smart home integration: Consider which Alexa device is best for controlling your smart home devices.
  • Price: Consider how much you’re willing to spend, keeping in mind that prices may vary depending on sales and discounts.
  • Extra features: Consider which extra features are important to you, such as a built-in Fire TV or the ability to track moving subjects during video calls.

Are there alternative Alexa devices worth considering?

Though the Alexa devices we’ve chosen above are great recommendations, they’re not the only options you have when looking for the best Alexa devices. Here are other devices to consider:

Conclusion

Amazon Alexa is an AI-powered virtual assistant that can help you complete tasks with voice control. Alexa is built into various smart home devices, including speakers and displays. It also integrates seamlessly with other smart home devices, like Ring, Blink, Sengled, Cync, Amazon smart devices, and many more.

FAQs

Q: What is the best Alexa device for smart home control?
A: The Echo Show 8 is a great option for smart home control, with its spatial audio speaker and full Alexa experience.

Q: Which Alexa device is best for budget-conscious buyers?
A: The Echo Dot is a great option for budget-conscious buyers, with its vibrant sound and affordable price.

Q: Can I use Alexa with my Ring doorbell?
A: Yes, Alexa integrates seamlessly with Ring doorbells, allowing you to control and monitor your doorbell with voice commands.

Q: Which Alexa device is best for video doorbells?
A: The Ring Battery Doorbell Plus is a great option for video doorbells, with its 1536p head-to-toe video and seamless integration with Alexa.

Krita: The Photoshop Challenger

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The More I Learn, the More I Love

I’ve been learning a lot of new open-source programs, including image creation and editing tools. Last spring, my Adobe Creative Cloud subscription came to an end, and I had to use alternative programs to get work done. My choices on Linux for image creation and editing were limited to GIMP, Krita, and Photopea.

The more I learn, the more I love

Krita’s decision to make their interface and keyboard shortcuts mostly reflect the way Photoshop expats work was the right decision. With 37 million Creative Cloud subscribers, why not make a transition from PS to Krita easy? Krita has done this by adopting a similar keyboard shortcut scheme to Photoshop.

Features and Capabilities

Diving into Krita’s preferences, I found some great features. For example, the menu SETTINGS > Configure Krita… allows me to select Keyboard Shortcuts. At the bottom of this dialog is "Shortcut Schemes" where I can select which application I want Krita to adopt the keyboard shortcuts from. Photoshop being one.

I also found a way to correct the tiny icons on my 4k screen. In the SETTINGS > General > Window… dialog, I toggled the "Enable HiDPI Support" option. This made things too large, but it was easy to fix with local adjustments.

Comparison with Photoshop and GIMP

Here’s a comparison table of Krita’s features and capabilities with those of Photoshop and GIMP.

Feature Krita Photoshop GIMP
Healing Tool 9 9 2
Content Aware Fill 9 9 1
AI 9 9 1
Non Destructive tools 9 9 4
Range of filters 9 9 6
Ease of Layer Panel 9 9 5
Channel Ops/Alphas 9 9 1
RAW File Input 9 9 5

The Question of AI

As a true production tool, AI is necessary to compete with Photoshop. However, many Krita community members do not want AI in Krita, citing that it is "stealing" artists’ jobs. But it is taking illustrative jobs from me as well, just as stock photography and Photoshop did before. That’s progress, and keeping it out of Krita won’t stop it.

Stealing the Crown

I think it’s high-time that the Krita leads fess up and admit that they have created a very powerful creative tool that can easily become the mainstay for a very wide range of creatives. Not just painters. As both individuals and even entire teams move away from subscription products and look for something else, I humbly suggest that Krita may be what they are looking for. And I can imagine a day not too long from now that both schools and shops start moving over. And why not, it works.

Conclusion

In conclusion, Krita has come a long way and has proven to be a powerful tool for image creation and editing. Its compatibility with Photoshop shortcuts, ease of use, and feature set make it a viable alternative to Adobe Photoshop. While it may not be perfect, it is certainly worth considering for anyone looking to transition away from subscription-based products.

FAQs

Q: Is Krita a free and open-source alternative to Adobe Photoshop?
A: Yes, Krita is a free and open-source image editing software that can be downloaded and used without a subscription.

Q: How does Krita compare to Photoshop and GIMP in terms of features and capabilities?
A: Krita has many features and capabilities similar to Photoshop and GIMP, but has some unique ones as well.

Q: Can Krita replace Photoshop completely?
A: While Krita can do many of the same tasks as Photoshop, it may not be able to replace it completely for everyone. However, it is certainly a viable alternative for many users.

DeepSeek reaches No. 1

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DeepSeek’s Android App Takes the No. 1 Spot on Google Play Store

Chinese AI lab DeepSeek’s Android app has taken the No. 1 spot on the Google Play Store, mere days after the company’s chatbot app clinched the top spot on the Apple App Store.

Impressive Download Numbers

According to app analytics firm AppFigures, since its launch in mid-January, the DeepSeek app has been downloaded over 1.2 million times on the Play Store and over 1.9 million times on the App Store across the world. Notably, the actual number of installs could be higher as DeepSeek has a label indicating over 5 million downloads on the Play Store.

Rise to Fame

The rapid rise of DeepSeek in the charts follows a sudden rise in popularity resulting from the release of a series of open-source AI models that are competitive with leading offerings by AI companies in the West, like Anthropic, OpenAI, Meta, and Google.

Competitive Pricing

However, the Chinese company claims its AI models were trained for just a fraction of the price as the ones from the likes of OpenAI and Meta, and using significantly worse AI chips.

What the App Offers

DeepSeek’s app is essentially a ChatGPT alternative that’s powered by the Chinese lab’s V3 model. You can use the bot to analyze files, answer questions, and get information from the web. The app is free and lets you upload files and sync your chat history across devices.

Competition and Future Plans

While DeepSeek is ruling the charts for now, it will have to get to 300 million weekly users to overtake OpenAI’s ChatGPT for a long-term lead in chatbots.

Industry Attention

Both DeepSeek and its family of models have received a lot of attention from the industry in the past few days. Startups like Perplexity and Gloo — former Intel CEO Pat Gelsinger’s new venture — are already integrating DeepSeek for their usage.

Conclusion

DeepSeek’s rapid rise to fame is a testament to the power of open-source AI models and competitive pricing. While the company still has a long way to go to overtake OpenAI’s ChatGPT, its success is a significant milestone in the AI industry.

FAQs

Q: What is DeepSeek’s Android app?

A: DeepSeek’s Android app is a chatbot app that uses the Chinese lab’s V3 model to analyze files, answer questions, and get information from the web.

Q: How many times has the DeepSeek app been downloaded?

A: According to AppFigures, the DeepSeek app has been downloaded over 1.2 million times on the Play Store and over 1.9 million times on the App Store across the world.

Q: How does DeepSeek’s pricing compare to other AI companies?

A: DeepSeek claims its AI models were trained for just a fraction of the price as the ones from the likes of OpenAI and Meta, and using significantly worse AI chips.

Q: What is the future plan for DeepSeek?

A: While DeepSeek is ruling the charts for now, it will have to get to 300 million weekly users to overtake OpenAI’s ChatGPT for a long-term lead in chatbots.

New training approach could help AI agents perform better in uncertain conditions | MIT News

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A home robot trained to perform household tasks in a factory may fail to effectively scrub the sink or take out the trash when deployed in a user’s kitchen, since this new environment differs from its training space.

To avoid this, engineers often try to match the simulated training environment as closely as possible with the real world where the agent will be deployed.

However, researchers from MIT and elsewhere have now found that, despite this conventional wisdom, sometimes training in a completely different environment yields a better-performing artificial intelligence agent.

Their results indicate that, in some situations, training a simulated AI agent in a world with less uncertainty, or “noise,” enabled it to perform better than a competing AI agent trained in the same, noisy world they used to test both agents.

The researchers call this unexpected phenomenon the indoor training effect.

“If we learn to play tennis in an indoor environment where there is no noise, we might be able to more easily master different shots. Then, if we move to a noisier environment, like a windy tennis court, we could have a higher probability of playing tennis well than if we started learning in the windy environment,” explains Serena Bono, a research assistant in the MIT Media Lab and lead author of a paper on the indoor training effect.

The researchers studied this phenomenon by training AI agents to play Atari games, which they modified by adding some unpredictability. They were surprised to find that the indoor training effect consistently occurred across Atari games and game variations.

They hope these results fuel additional research toward developing better training methods for AI agents.

“This is an entirely new axis to think about. Rather than trying to match the training and testing environments, we may be able to construct simulated environments where an AI agent learns even better,” adds co-author Spandan Madan, a graduate student at Harvard University.

Bono and Madan are joined on the paper by Ishaan Grover, an MIT graduate student; Mao Yasueda, a graduate student at Yale University; Cynthia Breazeal, professor of media arts and sciences and leader of the Personal Robotics Group in the MIT Media Lab; Hanspeter Pfister, the An Wang Professor of Computer Science at Harvard; and Gabriel Kreiman, a professor at Harvard Medical School. The research will be presented at the Association for the Advancement of Artificial Intelligence Conference.

Training troubles

The researchers set out to explore why reinforcement learning agents tend to have such dismal performance when tested on environments that differ from their training space.

Reinforcement learning is a trial-and-error method in which the agent explores a training space and learns to take actions that maximize its reward.

The team developed a technique to explicitly add a certain amount of noise to one element of the reinforcement learning problem called the transition function. The transition function defines the probability an agent will move from one state to another, based on the action it chooses.

If the agent is playing Pac-Man, a transition function might define the probability that ghosts on the game board will move up, down, left, or right. In standard reinforcement learning, the AI would be trained and tested using the same transition function.

The researchers added noise to the transition function with this conventional approach and, as expected, it hurt the agent’s Pac-Man performance.

But when the researchers trained the agent with a noise-free Pac-Man game, then tested it in an environment where they injected noise into the transition function, it performed better than an agent trained on the noisy game.

“The rule of thumb is that you should try to capture the deployment condition’s transition function as well as you can during training to get the most bang for your buck. We really tested this insight to death because we couldn’t believe it ourselves,” Madan says.

Injecting varying amounts of noise into the transition function let the researchers test many environments, but it didn’t create realistic games. The more noise they injected into Pac-Man, the more likely ghosts would randomly teleport to different squares.

To see if the indoor training effect occurred in normal Pac-Man games, they adjusted underlying probabilities so ghosts moved normally but were more likely to move up and down, rather than left and right. AI agents trained in noise-free environments still performed better in these realistic games.

“It was not only due to the way we added noise to create ad hoc environments. This seems to be a property of the reinforcement learning problem. And that was even more surprising to see,” Bono says.

Exploration explanations

When the researchers dug deeper in search of an explanation, they saw some correlations in how the AI agents explore the training space.

When both AI agents explore mostly the same areas, the agent trained in the non-noisy environment performs better, perhaps because it is easier for the agent to learn the rules of the game without the interference of noise.

If their exploration patterns are different, then the agent trained in the noisy environment tends to perform better. This might occur because the agent needs to understand patterns it can’t learn in the noise-free environment.

“If I only learn to play tennis with my forehand in the non-noisy environment, but then in the noisy one I have to also play with my backhand, I won’t play as well in the non-noisy environment,” Bono explains.

In the future, the researchers hope to explore how the indoor training effect might occur in more complex reinforcement learning environments, or with other techniques like computer vision and natural language processing. They also want to build training environments designed to leverage the indoor training effect, which could help AI agents perform better in uncertain environments.

TikTok Ban: All the News on the App’s Shutdown and Return in the US

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TikTok’s Brief Hiatus: What Happened and What’s Next

TikTok Briefly Goes Dark in the US to Comply with Divest-or-Ban Law

TikTok, a popular social media app, was temporarily unavailable in the United States to comply with the divest-or-ban law that took effect on January 19th. This law required ByteDance, the parent company of TikTok, to divest its US operations or face a ban in the country.

Executive Order Stalls Enforcement of the Law

On January 20th, President Donald Trump issued an executive order instructing the Attorney General not to take any action to enforce the Act for a period of 75 days from the date of the order. This move came as a surprise, as it was unclear whether the law would be enforced or not.

TikTok’s Response to the Situation

On Sunday, TikTok released a statement saying it was "in the process of restoring service" and thanked President-elect Donald Trump for providing the necessary clarity and assurance to its service providers that they would face no penalties for bringing back the app.

The Future of TikTok in the US

The situation is still developing, and it remains to be seen what the future holds for TikTok in the US. While the app is currently available again, its long-term fate is uncertain. Apple and Google have not yet restored TikTok to their app stores, leaving many users wondering if the app will remain available in the future.

Frequently Asked Questions

  • What is the divest-or-ban law?
    The divest-or-ban law is a US law that requires ByteDance to divest its US operations or face a ban in the country.
  • Why did TikTok go dark in the US?
    TikTok went dark in the US to comply with the divest-or-ban law, which took effect on January 19th.
  • What is the current status of TikTok in the US?
    TikTok is currently available again in the US, but its long-term future is uncertain.
  • Will Apple and Google restore TikTok to their app stores?
    Apple and Google have not yet restored TikTok to their app stores, leaving the app’s future in the US uncertain.

What to Know About DeepSeek AI: Cost Claims to Data Privacy

What is DeepSeek?

Founded by Liang Wenfeng in May 2023, the Chinese startup has challenged established AI companies with its open-source approach. According to Forbes, DeepSeek’s edge may lie in the fact that it is funded only by High-Flyer, a hedge fund also run by Wenfeng, which gives the company a funding model that supports fast growth and research.

What is DeepSeek R1?

Released in full last week, R1 is DeepSeek’s flagship reasoning model, which performs at or above OpenAI’s lauded o1 model on several math, coding, and reasoning benchmarks. What makes R1 most interesting is that, unlike other top models from tech giants, it’s open-source, meaning anyone can download and use it. However, DeepSeek has not disclosed R1’s training dataset. So far, all other models it has released are also open-source.

What is the significance of DeepSeek’s V3 model?

DeepSeek’s V3 model cost $5.6 million to train, a number that is being circulated (and disputed) as the entire development cost of the model. As the AP reported, some lab experts believe the paper is referring to only the final training run for V3, not its entire development cost (which would be a fraction of what tech giants have spent to build competitive models).

Concerns and limitations

One drawback that could impact its long-term competition with o1 and other US-made models is censorship. Chinese models often include blocks on certain subject matter, meaning that while they function comparably to other models, they may not answer some queries (see how DeepSeek’s AI assistant responds to queries about Tiananmen Square and Taiwan here).

Privacy concerns

Data privacy worries that have circulated around TikTok — the Chinese-owned social media app that is now somewhat banned in the US — are also cropping up about DeepSeek. The policy outlines that DeepSeek collects plenty of information, including but not limited to: IP address, unique device identifiers, and cookies, date of birth, username, email address and/or telephone number, and password, and more.

Conclusion

DeepSeek’s success highlights a sea change in AI that could empower smaller labs and researchers to create competitive models and diversify the field of available options. For example, organizations without the funding or staff of OpenAI can download R1 and fine-tune it to compete with models like o1. Given how exorbitant AI investment has become, many are speculating that this development could burst the AI bubble.

Frequently Asked Questions

Q: What is the significance of DeepSeek’s V3 model?
A: DeepSeek’s V3 model cost $5.6 million to train, a number that is being circulated (and disputed) as the entire development cost of the model.

Q: What are the limitations of DeepSeek’s models?
A: One drawback that could impact its long-term competition with o1 and other US-made models is censorship. Chinese models often include blocks on certain subject matter, meaning that while they function comparably to other models, they may not answer some queries.

Q: What are the privacy concerns surrounding DeepSeek?
A: Data privacy worries that have circulated around TikTok are also cropping up about DeepSeek. The company’s privacy policy outlines that it collects plenty of information, including IP address, unique device identifiers, and cookies, date of birth, username, email address and/or telephone number, and password, and more.

Q: How does DeepSeek’s open-source approach impact the AI landscape?
A: DeepSeek’s open-source approach could empower smaller labs and researchers to create competitive models and diversify the field of available options.

US Tech Controls Fail with DeepSeek’s A.I. Advances

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The Rise of Chinese AI: Has the US’s Effort to Limit China’s Access to Advanced Chips Failed?

DeepSeek’s Innovations Suggest the Biden Administration May Have Acted Too Slowly to Keep Up with Private Companies Sidestepping Its Controls

The United States has worked steadily over the past three years to limit China’s access to the cutting-edge computer chips that power advanced artificial intelligence systems. Its aim has been to slow China’s progress in developing sophisticated A.I. models. However, a Chinese firm, DeepSeek, has created that very technology. In recent weeks, DeepSeek released multiple A.I. models and a chatbot whose performance rivals that of the best products made by American firms, all while using far fewer of the high-cost A.I. chips that companies typically need. Over the weekend, DeepSeek’s chatbot shot to the top of Apple’s App Store charts as people downloaded it around the world.

The Development Has Raised Big Questions about Export Controls

The Biden administration set up a system of global rules and steadily expanded them to try to keep advanced A.I. technology – particularly chips made by Nvidia – out of Chinese hands. They were concerned that technology would give China an edge not just economically, but also militarily. However, DeepSeek’s development has provoked a fierce debate over whether U.S. technology controls have failed.

U.S. Struggled to Stamp Out Chip Smuggling

There’s no evidence that DeepSeek has used smuggled chips. But many Chinese A.I. companies have. Alexandr Wang, the chief executive of the A.I. training giant Scale AI, told The New York Times that Chinese companies had far more high-end chips than U.S. restrictions allowed, and that DeepSeek probably had about 50,000 Nvidia advanced H100 processors, "which they obviously can’t talk about."

The Implications of Cheaper Models

The implications of cheaper models like DeepSeek’s could be profound. With DeepSeek openly sharing details about how it built its model, companies in China and around the world will be able to replicate its low-cost approach. That means "it will be much cheaper and could be far less energy intensive for anyone to build and run A.I., from U.S. hyperscalers to Midwestern small businesses, North Korean hackers and Russia’s military," said Martin Chorzempa, a senior fellow at the Peterson Institute for International Economics.

Conclusion

DeepSeek’s success suggests that Silicon Valley’s lead on A.I. has shrunk, despite efforts by Washington to limit Chinese access to advanced chips. However, it’s notable that DeepSeek is still building its models on Nvidia chips – not on the rival A.I. chips that the Chinese technology firm Huawei is trying to develop.

FAQs

Q: What is the significance of DeepSeek’s development?
A: DeepSeek’s development has raised big questions about export controls and whether the US’s efforts to limit China’s access to advanced AI technology have failed.

Q: How did DeepSeek obtain its Nvidia H800 chips?
A: It’s not clear how DeepSeek obtained its Nvidia H800 chips, but it would have been legal for the company to buy them in late 2022 or 2023. Now, however, such purchases would not be.

Q: What are the implications of cheaper A.I. models?
A: The implications of cheaper models like DeepSeek’s could be profound, making it much cheaper and less energy-intensive for anyone to build and run A.I.

Q: What does the future hold for A.I. development?
A: The future of A.I. development is uncertain, but it’s clear that China’s progress in the field has been accelerated by DeepSeek’s innovations. The US’s lead on A.I. may be shrinking, and the global A.I. landscape is likely to change significantly in the coming years.

Cheaper AI Scores Another Win

DeepSeek’s AI Momentum Continues with Release of Janus-Pro, a Multimodal Text-to-Image Model

DeepSeek isn’t slowing down

Just moments after knocking ChatGPT out of the top spot in the App Store for most downloaded free apps, the Chinese AI startup DeepSeek released its new multimodal text-to-image AI model, Janus-Pro, on Monday. This model is open-source under an MIT license, making it commercially viable, and is available for download via HuggingFace and GitHub.

Janus-Pro: A Competitor to R1

Similar to DeepSeek’s flagship model, R1, Janus-Pro is a suite of models with varying sizes, ranging from 1B to 7B parameters. According to DeepSeek’s testing, Janus-Pro-7B outperforms established image generators like Stable Diffusion and DALL-E on the GenEval and DPG-Bench benchmarks. The model uses an "autoregressive framework" and "surpasses" unified models.

Key Features and Limitations

Janus-Pro builds on Janus, its original version released last year, and can create and analyze images. However, smaller-parameter models in the family are limited to analyzing images of 384 x 384 resolution, which is a drawback. Nevertheless, Janus-Pro’s performance is still competitive, given DeepSeek’s reportedly lower training costs compared to those of US-based AI companies.

Reactions and Implications

Nvidia has praised Janus-Pro as "an excellent AI advancement." The model’s release has sparked mixed reactions, with some expressing concern about the accuracy of DeepSeek’s reported training costs. However, the true impact of Janus-Pro remains to be seen as more users test it against other image models.

FAQs

Q: What is Janus-Pro?
A: Janus-Pro is a multimodal text-to-image AI model developed by DeepSeek.

Q: What are the key features of Janus-Pro?
A: Janus-Pro can create and analyze images, has an autoregressive framework, and surpasses unified models.

Q: What are the limitations of Janus-Pro?
A: Smaller-parameter models are limited to analyzing images of 384 x 384 resolution.

Q: What are the implications of Janus-Pro’s release?
A: The model’s release has significant implications for the AI industry, including potential changes to plans like Stargate, a $500 billion initiative between several AI giants.

Chinese AI App DeepSeek Soars in Popularity, Startling Rivals

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AI Assistant Created by Chinese Startup DeepSeek Becomes Top-Downloaded App in Apple’s US App Store

DeepSeek, a Chinese startup, created an AI assistant that became the number one most-downloaded app in Apple’s US App Store over the weekend, sending shockwaves through Silicon Valley and causing the price of major tech stocks to plummet. Nvidia saw more than $460 billion erased from its market capitalization on Monday, a drop Bloomberg characterized as the “biggest in US stock market history.”

The Open Source Model

The shake-up stems from an open source model developed by DeepSeek called R1, which debuted earlier this month. The company said that it rivals the current industry leader: OpenAI’s 01. But what stunned the tech industry most was that DeepSeek claimed to have built its model using only a small fraction of the specialized computer chips that AI companies typically need to develop cutting-edge systems.

Impressive Performance

On Monday, DeepSeek posted a message on its website saying it was temporarily limiting new registrations due to “large-scale malicious attacks” on the company’s services.

DeepSeek’s R1 model “challenges the notion that Western AI companies hold a significant lead over Chinese ones,” Jack Clark, cofounder of the AI startup Anthropic, wrote in his newsletter. Venture capitalist Marc Andreessen called it “AI’s Sputnik moment.”

Functions and Limitations

DeepSeek’s AI assistant is currently available for free and comes with three main functions. First, users can ask the chatbot questions and receive direct answers. For example, when WIRED asked for recipe ideas incorporating pomegranate seeds, DeepSeek’s chatbot quickly provided a list of 15 options ranging from yogurt parfaits to a “Middle Eastern-inspired” rice pilaf, but it didn’t cite any specific chefs or recipes.

DeepSeek’s app also has a search mode that surfaces answers from the internet. When WIRED asked, “What are some important news stories today?” DeepSeek’s chatbot cited the Israel-Hamas ceasefire and linked to several Western news outlets such as BBC News, but not all of the stories appeared to be relevant to the topic. Ironically, one was a New York Times story about DeepSeek’s impact on the stock market.

Lastly, there’s a “DeepThink” mode that allows users to tap into DeepSeek’s R1 model, which was built upon the company’s existing V3 model. The difference between the two is that R1 has so-called “reasoning” abilities that allow it to explain step by step how it reached its conclusions. For example, when asked, “What are the most important historical events of the 20th century?” DeepSeek initially provided a long meandering answer that began with a number of broad questions.

Censorship Concerns

But before R1 could finish its reply, the entire answer disappeared and was replaced by a message that read, “Sorry, I’m not sure how to approach this type of question yet. Let’s chat about math, coding, and logic problems instead!” A number of experts and early adopters have noted that DeepSeek, like other tech platforms that operate in China, appears to extensively censor topics deemed sensitive by the Chinese Communist Party

Competitive Threat

But despite these limitations, DeepSeek’s free chatbot could pose a serious threat to competitors like OpenAI, which charges $20 per month to access its most powerful AI models. Unlike its Chinese counterpart, OpenAI doesn’t disclose the underlying “weights” of its models, which determine how the AI processes information. It also has declined to make public the full “chains of thought” produced by its own reasoning models.

Conclusion

DeepSeek’s AI assistant has sent shockwaves through the tech industry, causing a significant drop in major tech stocks and raising concerns about the company’s ability to rival Western AI companies. While the chatbot’s performance is impressive, its limitations and potential for censorship are significant concerns. As the AI landscape continues to evolve, it will be important to monitor DeepSeek’s progress and the impact it has on the industry.

FAQs

Q: What is DeepSeek’s AI assistant?

A: DeepSeek’s AI assistant is a chatbot that uses an open source model called R1 to answer questions and provide information.

Q: How does DeepSeek’s AI assistant differ from other AI assistants?

A: DeepSeek’s AI assistant is built using a small fraction of the specialized computer chips that AI companies typically need to develop cutting-edge systems, making it a more affordable and accessible option.

Q: Is DeepSeek’s AI assistant free?

A: Yes, DeepSeek’s AI assistant is currently available for free.

Q: What are the limitations of DeepSeek’s AI assistant?

A: DeepSeek’s AI assistant has limitations, including its potential for censorship and its inability to fully explain its reasoning processes.