DeepSeek has Changed the AI Game Globally Says: Hatem ElKady, CEO of Diamond
China has cemented its position as a global leader in Artificial Intelligence following the official launch of DeepSeek, an AI-powered chatbot developed by a Chinese startup founded in 2023.
This company utilizes a low-cost, open-source AI model known as DeepSeek R1, which has demonstrated its efficiency compared to competing models from OpenAI and Meta Platforms Inc., but at a significantly lower cost.
Eng. Hatem ElKady, Founder and CEO of Diamond Professional Consultant, a leading provider of enterprise solutions in Enterprise Performance Management, data analytics, and artificial intelligence, welcomed the emergence of DeepSeek, emphasizing that this milestone has transformed the global AI scene.
As an expert in data analytics and artificial intelligence, Our CEO highlighted that one of the biggest challenges facing businesses and the financial sector in adopting AI is the high cost of implementation. With the launch of DeepSeek, AI adoption across industries is expected to accelerate faster than ever before.
"For too long, AI has been a game of capital. But DeepSeek proves that smart engineering can level the playing field. Businesses must stop thinking of AI as a luxury for the biggest firms and start recognizing that agility, not size, will define the next era of AI."He stressed that the impact of artificial intelligence on the business sectorcould be profound and multifaceted, enabling companies to:
- Enhance efficiency
- Develop new services
- Analyze data more effectively
- Drive innovation
He also emphasized the urgent need for companies to reassess their business models and rapidly integrate AI technologiesto maximize their potential in advancing various industries.
Revolutionizing AI Development Costs
He added:
“In the coming days, we will have more insights, particularly regarding costs and GPU requirements. However, what is already evident is that this innovative LLM (Large Language Model) will have a tremendous impact on AI development costs, driving a new wave of innovation and democratization in AI adoption.”
Moreover, he noted that this breakthrough will challenge large corporations, creating new opportunities for smaller companies while also introducing challenges related to ethical AI use and market sustainability.
Diamond’s Vision & AI-Driven Decision-Making.
He concluded:
At Diamond, we have extensive expertise in data analytics and AI applications across multiple industries.
In the near future, Diamond plans to launch ZAKAA, a cutting-edge AI-powered platform designed to assist CEOs, CFOs, COOs,and key decision-makers in government, healthcare, oil & gas, and other major industries to maximize their decision intelligence anytime anywhere.
ZAKAA will enable executives to make data-driven decisions based on precise insights, leveraging 300 performance indicatorsto ensure strategic and informed decision-making.
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