Google DeepMind CEO Demis Hassabis downplayed the technological significance of DeepSeek's latest AI model, despite its market impact. "Despite the hype, there's no actual new scientific advance there. It's using known techniques," Hassabis said on Sunday. "Actually many of the techniques we invented at Google and at DeepMind."

Hassabis acknowledged that Deepseek's AI model "is probably the best work" out of China, but its capabilities, he said, is "exaggerated a little bit."DeepSeek's launch last month triggered a $1 trillion U.S. market sell-off.

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