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Barclays (LON:BARC) analysts noted that DeepSeek’s new model, R1, has achieved performance levels comparable to OpenAI’s o1 model in math and coding tasks, surpassing Anthropic’s Claude 3.5 Sonnet.
According to their technical report, DeepSeek-R1 is available for free on both web and app interfaces, contrasting with OpenAI’s o1 model, which is only accessible to ChatGPT subscribers.
The report also noted a decline in the retention rates for monthly subscriptions of ChatGPT and Claude, at 1.4% and 9.6% respectively. This data, derived from Barclaycard transactions, suggests a potential shift in consumer preference following the release of DeepSeek’s R1 model.
Barclays’ investigation into consumer behavior included tagging monthly subscribers of ChatGPT and Claude using Barclaycard data.
The analysis involved tracking the expiration dates of payment transactions and allowing a four-day renewal window for automatic renewals. If no second payment was detected within this period, the user was considered to have churned. The data collected over two weeks post the launch of DeepSeek’s R1 model revealed these retention trends.
The introduction of DeepSeek’s R1 model to the market has prompted discussions regarding the potential disruption of the space, given its similar capabilities to OpenAI’s o1 model and its cost-free availability.
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