DeepSeek gives Europe's firms chance to catch up

HEMANTH MANDAPATI, BOSS of German startup Novo AI, was an early adopter of DeepSeek chatbots when he switched to the Chinese AI model from OpenAI's ChatGPT two weeks ago.

- REUTERS February 3

"If you have built your application using OpenAI, you can easily migrate to the other ones...it took us minutes to switch," he said in an interview on the sidelines of the GoWest conference for venture capitalists in Gothenburg, Sweden.

DeepSeek's emergence is changing the landscape for AI, offering companies access to the technology at a fraction of the cost, according to interviews with more than a dozen startup executives and investors. It also has the potential to push other AI companies to improve their models and bring down prices.