South Korea has banned new downloads of China’s DeepSeek
artificial intelligence (AI) chatbot. The decision was announced by the
country’s Personal Information Protection Commission (PIPC). The government
agency said the ban will remain until DeepSeek makes changes to comply with
South Korea’s data protection laws, BBC reported.
Meanwhile, DeepSeek AI has fuelled debate with its 2025
projections for XRP and Bitcoin. Using machine learning, sentiment analysis,
and economic data, it aims to forecast digital asset trends.
Governments Restrict DeepSeek Over Privacy Risks
DeepSeek gained popularity in South Korea after making
global headlines. It quickly became one of the top-ranked apps, attracting over
a million weekly users. However, its rapid rise also drew scrutiny from
governments worldwide. Several countries have imposed restrictions over
concerns about privacy and national security.
The PIPC said that as of Saturday evening, the DeepSeek app
is no longer available on Apple’s App Store and Google Play in South Korea. The
move follows a ban by multiple government agencies preventing employees from
downloading the chatbot on work devices.
New downloads of DeepSeek suspended in South Korea, data protection agency saysMore details: https://t.co/kowCiCDAeE#ARYNews pic.twitter.com/bOCB7WvnpZ
— ARY NEWS (@ARYNEWSOFFICIAL) February 17, 2025
DeepSeek AI Forecasts Optimistic Bitcoin, XRP Predictions
DeepSeek
AI’s predictions for XRP suggest it could trade between $3.50 and $5.00 by
the end of 2025, contingent on a favorable legal outcome for Ripple and
increased adoption of its On-Demand Liquidity (ODL) platform, as reported by Finance Magnates.
Bitcoin is projected
to range from $100,000 to $150,000, with a bullish scenario reaching $350,000
and a peak of $500,000 in a black swan event. While some analysts believe these
forecasts may be overly optimistic, they consider market conditions, including
Bitcoin’s rebound and regulatory concerns. Despite challenges, DeepSeek AI
maintains a positive long-term outlook for both cryptocurrencies.
DeepSeek Disrupts Tech Industry, Sparks Warnings
Acting President Choi Sang-mok described DeepSeek’s
emergence as a “shock” with potential consequences beyond the AI industry. Despite
the ban on new downloads, existing users can continue using the app. DeepSeek remains
accessible via its website.
🚨 Korea set to Ban #DeepSeek! South Korea’s intelligence agency exposes DeepSeek for stealing keystrokes, contacts, and even banking information of users.Looks like CCP’s spyware disguised as AI just got caught red-handed! 🔥Which country is next? 👀 pic.twitter.com/pDIE9j2Jik
— Arun Pudur (@arunpudur) February 12, 2025
DeepSeek’s release last month disrupted the global
technology industry. Its success also raised concerns about AI leadership in
the US and other major markets.
US Lawmakers Propose DeepSeek Federal Ban
Besides South Korea, Taiwan and Australia have also banned
the chatbot on government devices. Italy’s
data protection authority, which briefly banned ChatGPT in 2023, has taken
similar action. It has asked DeepSeek to revise its privacy policies before
reinstating the app on stores.
In the US, lawmakers have proposed a bill to ban DeepSeek
from federal devices due to surveillance risks. Several states, including
Texas, Virginia, and New York, have already implemented similar restrictions.
DeepSeek’s large language model (LLM) reportedly matches the
reasoning capabilities of US models like OpenAI’s GPT-4. However, it operates
at a significantly lower cost. This has raised concerns about the billions of
dollars being spent on AI infrastructure in the US and other markets.
This article was written by Tareq Sikder at www.financemagnates.com.
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