DeepSeek’s AI assistant has taken the world by storm, becoming the most downloaded app in 140 markets. In particular, India has contributed the largest share of new user downloads. While this achievement highlights the app’s success, it has also raised concerns about cybersecurity and privacy.
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DeepSeek Breaks Records on App Stores
According to data from Appfigures (excluding third-party app stores in China), DeepSeek reached the number one spot on Apple’s (AAPL) App Store on January 26 and has stayed there ever since. Importantly, India alone represents 15.6% of all downloads since the app’s launch on January 20.
Furthermore, according to Sensor Tower research, DeepSeek has been the top app on Alphabet’s (GOOGL) Android Play Store in the U.S. since January 28. In just 18 days, the app was downloaded 16 million times, almost double the 9 million downloads OpenAI’s ChatGPT had during its initial launch.
DeepSeek Navigates Success and Rising Challenges
DeepSeek’s journey reflects how success and challenges often go hand in hand. One of the key reasons for the app’s success is its ability to deliver high-quality AI features at an affordable cost compared to its rivals, which makes it accessible to a much wider audience. Moreover, the app has been praised for its ability to rival top AI bots like OpenAI’s ChatGPT in terms of performance and features.
However, this rapid rise has brought its own set of challenges. DeepSeek faces potential challenges as governments and companies are weighing its cybersecurity risks. Some government agencies have also blocked the app as a precautionary measure. These concerns could slow down its growth in the future.
Which AI Stock Is a Better Buy?
Turning to Wall Street, analysts think that NVDA and MU stocks have the most room to run. Meanwhile, analysts expect the least upside from AAPL stock. In fact, NVDA and MU’s price targets of $178.63 and $135.65, respectively, imply almost 49% upside each versus AAPL’s 6.6%.
