Existing API calls continue to be honored

Artificial intelligence startup DeepSeek’s burgeoning popularity continues to be a problem: according to a notice reported by Bloomberg, the company has temporarily restricted access to its application programming interface (API) service in response to a lack of server capacity in response to a lack of server capacity.

‘Due to current server resource constraints, we have temporarily suspended top-ups to our API service to prevent any potential impact on our customers’ operations,’ DeepSeek announced. ‘ Existing balances will continue to be available. Thank you for your understanding!” DeepSeek also separately announced that as of February 8, it will increase the price of chat mode to $0.27 per million input tokens and $1.10 per million output tokens.

Since launching its R1 mode on January 20, DeepSeek has responded to the huge market demand for its services. The company’s emergence as a major best-in-class AI provider, and the fact that OpenAI was able to train R1 at a fraction of the cost of developing o1 inference models, sent U.S. investors into a panic DeepSeek’s Chatbot Takes Top Spot on the App Store The following Monday, the day after it jumped to the top of the App Store charts, major tech stocks including NVIDIA The following Monday, the day after it jumped to the top of the App Store, major tech stocks, including NVIDIA, lost $1 trillion in value. OpenAI has since released the o3-mini model and ChatGPT’s deep research capabilities.