DeepSeek has shown that AI innovation is not limited to big tech players with billion-dollar budgets, and as models get better, expect to see more flux, say industry experts. An AI model developed by a little-known Chinese hedge fund that reportedly rivals OpenAI's ChatGPT at a significantly lower cost has triggered a deep “freak out” among the global tech industry. Why was there a big reaction to DeepSeek and what are the implications for Singapore? Dr Leslie Teo, senior director of AI