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 products at AI Singapore and Jianggan Li, founder and CEO of venture outfit Momentum Works break it down for Steven Chia and Crispina Robert.