Chinese AI startup DeepSeek’s claim of developing a powerful AI model at a much lower cost than major tech giants like Alphabet’s (GOOGL)

"It's using known techniques, actually many of the techniques we invented at Google and at DeepMind," Demis Hassabis said on Sunday.

Deepseek's AI model "is probably the best work" out of China, Demis Hassabis said on Sunday, but added it was not a scientific advancement.