Chinese startup DeepSeek AI has dropped another open-source AI model – Janus-Pro-7B with multimodal capabilities including image generation as tech stocks plunge in mayhem.
The new model released on Monday, has come along with huge excitement about the DeepSeek’s R1, which has impacted the tech stock market, resulting in volatility on the market with chipmaking giant Nvidia shares dropping by over 17%.
DeepSeek says Janus-Pro-7B is better than many prominent models
Some AI enthusiasts concur with the startup that the latest model is better than many models on some benchmarks. An AI observer Rowan Cheung indicated that the new model outperforms competitors OpenAI’s DALL-E 3 and Stability AI’s Stable Diffusion on some benchmarks like GenEval and DPG-Bench.
The Chinese startup also claimed the superiority of its model in a technical report on Monday. DeepSeek said its model outclassed rivals from OpenAI and Stability AI on rankings for image generation using text prompts.
According to Disclose.tv, the benchmarks highlight Janus-Pro-7B’s competitive advantage, which has potential to influence future AI research. This comes as the industry is observing developments taking place in China and how other global firms will react to this advancement and the intensified competition ahead.
Apart from R1, another development from the Chinese AI startup that has disrupted the tech industry, the release of Janus-Pro-7B comes as the sector is fast evolving with tech firms from all over the globe are innovating to release new products and services and stay ahead of competition.
Janus-Pro-7B is capable of generating images making it competitive on the market. In their technical report, DeepSeek AI revealed that Janus-Pro-7B boasts 7 billion parameters, coupled with improved training speed and accuracy in image generation from text prompts.
According to Cheung’s observations, DeepSeek AI’s new model could break new barriers to AI performance.
The GenEval and DPG-Bench perpetuated by Investing.com and mentioned by Cheung are important in evaluating how effective and versatile AI models are. To outperform in these benchmarks shows that DeepSeek’s new model has a competitive edge in tasks, influencing the paths of future research and development.
Deepseek’s industry effect
According to Reuters, the DeepSeek-V3 model has become a top-rated free app on Apple’s App Store in the US. Janus-Pro-7B is an upgrade on the previously created Janus released late last year.Janus had initially been a product of DeepSeek launching a new assistant based on the DeepSeek-V3 model.
The release of Deepseek AI’s Janus-Pro-7B has had a cataclysmic impact on the sector, especially the financial performance of the markets.
Share prices of numerous AI related stocks have dropped significantly in the last few hours as investors assessed the possible impact of the new and strong Chinese ChatGPT alternative.
From Tokyo to New York, investors sold off several tech stocks due to fears that the emergence of a low-cost Chinese AI model would threaten the current dominance of AI leaders like Nvidia. Nvidia was on track to lose as much $600 billion in market value, becoming the biggest ever single-day loss on Wall Street.
“If it’s true that DeepSeek is the proverbial ‘better mousetrap,’ that could disrupt the entire AI narrative that has helped drive the markets over the last two years,” said Brian Jacobsen, chief economist at Annex Wealth Management in Menomonee Falls, Wisconsin.
“It could mean less demand for chips, less need for a massive build-out of power production to fuel the models, and less need for large-scale data centers. However, it could also mean that AI becomes more accessible and help kickstart the development of a wide array of useful applications.”
Jacobsen.
According to Invest.com, the immediate investor reaction shows the sensitivity of tech stocks to innovations and the high expectations for the role of AI in technology in the future.
However, Daniel Morgan, a senior portfolio manager at Synovus Trust Company, which owns almost one million Nvidia shares described the Monday selloff as an over-reaction.
Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews – FREE Cheat Sheet
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed