Business

Italy Imposes Immediate Ban on DeepSeek: A Blow to AI Innovation

Immediate Restriction on DeepSeek

In a significant move, the Italian Data Protection Authority (GPDP) has mandated an immediate restriction on DeepSeek within the country. This decision aims to safeguard Italian users, as stated by the authority.

Investigation Launched

Alongside the restriction, the GPDP has announced the initiation of an investigation into DeepSeek. This step underscores the seriousness with which the authority is treating the matter.

Market Impact

The announcement comes in the wake of DeepSeek's latest model, DeepSeek V3, outperforming industry giants like GPT-4o and Claude-3.5. The introduction of DeepSeek V3 has notably impacted the market, with Nvidia experiencing a significant loss in market value, amounting to nearly $600 billion in the US alone.