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    Home > Finance > Australia urges citizens to be cautious about using China AI model DeepSeek
    Finance

    Australia urges citizens to be cautious about using China AI model DeepSeek

    Published by Global Banking & Finance Review®

    Posted on January 29, 2025

    1 min read

    Last updated: January 27, 2026

    Featured image of Australia Treasurer Jim Chalmers addressing concerns over the Chinese AI model DeepSeek, highlighting its potential risks to citizens and financial markets.
    Australia's Treasurer Jim Chalmers warns citizens about the DeepSeek AI model - Global Banking & Finance Review
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    Tags:technologyinnovationfinancial communitycybersecurityArtificial Intelligence

    Quick Summary

    Australia cautions against using China's DeepSeek AI, citing market and security concerns. Nvidia's stock was notably affected.

    Australia Cautions Citizens Against Using Chinese AI DeepSeek Model

    SYDNEY (Reuters) - Australia Treasurer Jim Chalmers on Wednesday urged Australians to be cautious when using Chinese AI model DeepSeek, the latest government to warn over its use.

    "We would urge Australians to be cautious about this new technology," Chalmers told a news conference on Monday.

    "Obviously we are constantly receiving advice on it."

    DeepSeek, a low-cost Chinese artificial intelligence model that could threaten the dominance of U.S. rivals, roiled global markets when it was released this week, with AI chip leader Nvidia falling 17% on Monday before rebounding.

    U.S. officials said on Tuesday they were investigating the national security implications of DeepSeek.

    (Reporting by Alasdair Pal in Sydney; Editing by Himani Sarkar)

    Key Takeaways

    • •Australia warns citizens about using China's DeepSeek AI.
    • •DeepSeek's release impacted global markets, notably Nvidia.
    • •U.S. investigates DeepSeek's national security implications.
    • •Treasurer Jim Chalmers advises caution with new tech.
    • •DeepSeek could challenge U.S. AI dominance.

    Frequently Asked Questions about Australia urges citizens to be cautious about using China AI model DeepSeek

    1What did Australia Treasurer Jim Chalmers say about DeepSeek?

    Chalmers urged Australians to be cautious about using the new Chinese AI model DeepSeek, highlighting the need for careful consideration of this technology.

    2What impact did DeepSeek have on global markets?

    The release of DeepSeek roiled global markets, notably causing Nvidia's stock to fall by 17%.

    3Are there any investigations related to DeepSeek?

    Yes, U.S. officials are investigating the national security implications of the DeepSeek AI model.

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