Export controls need to be tightened after revelations the Chinese company used Nvidia technology, the leaders of a congressional committee said.

DeepSeek’s AI models reportedly rival OpenAI’s for a fraction of the cost and compute.

So, let's consider a few facts for a moment. Reuters reports that DeepSeek's development entailed 2,000 of Nvidia's H800 GPUs and a training budget of just $6 million, while CNBC claims that R1 "outperforms" the best LLMs from the likes of OpenAI and others.