The Banking Executive Magazine - January 2025

DeepSeek INTRODUCTION The rise of DeepSeek, the Chinese artificial intelligence (AI) company, has deep implications on the global BigTech (Big Technologies) market. It has also deep geopolitical implica- tions on the global markets. This article overviews the main uses and features of DeepSeek and com- pares it to ChatGPT. The article analyses the penetration of DeepSeek to the AI global market, its market growth, its importance and uses in banking and finance, and its impact on the global market. The ar- ticle concludes with lessons to learn from the rise of DeepSeek and its fu- ture. the BANKING EXECUTIVE 8 ISSUE 193 JANUARY 2025 BY DR. SOHA MAAD DeepSeek CHINA INVASION OF AI BIG TECH MARKET