GBAF Logo
Finance

Australia urges citizens to be cautious about using China AI model DeepSeek

Published by Global Banking & Finance Review

Posted on January 29, 2025

1 min read

· Last updated: January 27, 2026

Add as preferred source on Google
Australia's Treasurer Jim Chalmers warns citizens about the DeepSeek AI model - Global Banking & Finance Review
Featured image of Australia Treasurer Jim Chalmers addressing concerns over the Chinese AI model DeepSeek, highlighting its potential risks to citizens and financial markets.
technology innovation financial community cybersecurity Artificial Intelligence
Global Banking & Finance Awards 2026 — Call for Entries

Australia Cautions Citizens Against Using Chinese AI DeepSeek Model

SYDNEY (Reuters) - Australia Treasurer Jim Chalmers on Wednesday urged Australians to be cautious when using Chinese AI model DeepSeek, the latest government to warn over its use.

"We would urge Australians to be cautious about this new technology," Chalmers told a news conference on Monday.

"Obviously we are constantly receiving advice on it."

DeepSeek, a low-cost Chinese artificial intelligence model that could threaten the dominance of U.S. rivals, roiled global markets when it was released this week, with AI chip leader Nvidia falling 17% on Monday before rebounding.

U.S. officials said on Tuesday they were investigating the national security implications of DeepSeek.

(Reporting by Alasdair Pal in Sydney; Editing by Himani Sarkar)

Key Takeaways

  • Australia warns citizens about using China's DeepSeek AI.
  • DeepSeek's release impacted global markets, notably Nvidia.
  • U.S. investigates DeepSeek's national security implications.
  • Treasurer Jim Chalmers advises caution with new tech.
  • DeepSeek could challenge U.S. AI dominance.

Frequently Asked Questions

What did Australia Treasurer Jim Chalmers say about DeepSeek?
Chalmers urged Australians to be cautious about using the new Chinese AI model DeepSeek, highlighting the need for careful consideration of this technology.
What impact did DeepSeek have on global markets?
The release of DeepSeek roiled global markets, notably causing Nvidia's stock to fall by 17%.
Are there any investigations related to DeepSeek?
Yes, U.S. officials are investigating the national security implications of the DeepSeek AI model.

Tags

Related Articles

Image for Yen steady as BOJ kicks off big week for central banks

Yen steady as BOJ kicks off big week for central banks

Image for Asian stocks meander ahead of tech earnings, BOJ awaits

Asian stocks meander ahead of tech earnings, BOJ awaits

Image for Oil prices rise as no end to Iran war stand-off seems in sight

Oil prices rise as no end to Iran war stand-off seems in sight

Image for Irish consumer sentiment hits fresh 3-year low in April

Irish consumer sentiment hits fresh 3-year low in April

Image for UK budget rules should seek to lower debt, parliament committee says

UK budget rules should seek to lower debt, parliament committee says

Image for Easter discounts lower UK shop price inflation in April, BRC survey shows

Easter discounts lower UK shop price inflation in April, BRC survey shows

More from Finance

Explore more articles in the Finance category

Image for Eni-Repsol joint venture seeking to increase gas output at Venezuela's Cardon IV
Eni-Repsol joint venture seeking to increase gas output at Venezuela's Cardon IV
Image for Trading Day: Tech in a world of its own
Trading Day: Tech in a world of its own
Image for Berlin could kick off sale of energy firm Uniper by summer, sources say
Berlin could kick off sale of energy firm Uniper by summer, sources say
Image for KKR, Macquarie in Italy-backed talks over telecoms network commercial deal, sources say
KKR, Macquarie in Italy-backed talks over telecoms network commercial deal, sources say
Image for Austria ruling parties' outline budget deal includes higher corporate tax
Austria ruling parties' outline budget deal includes higher corporate tax
Image for Oil prices hit two-week high as Iran talks stall and Strait of Hormuz shipments lag
Oil prices hit two-week high as Iran talks stall and Strait of Hormuz shipments lag
Image for UK's car finance redress scheme faces legal challenge from consumer group
UK's car finance redress scheme faces legal challenge from consumer group
Image for UK public inflation expectations retrace in April, Citi/YouGov survey shows
UK public inflation expectations retrace in April, Citi/YouGov survey shows
Image for Accenture to roll out Copilot to all 743,000 employees in boost for Microsoft
Accenture to roll out Copilot to all 743,000 employees in boost for Microsoft
Image for Energy prices drag German consumer sentiment to three-year low, finds survey
Energy prices drag German consumer sentiment to three-year low, finds survey
Image for UK-based AI startup Ineffable raises $1.1 billion in Europe's largest seed financing
UK-based AI startup Ineffable raises $1.1 billion in Europe's largest seed financing
Image for Deutsche Boerse posts 11% rise in Q1 profit, as expected; sticks to guidance
Deutsche Boerse posts 11% rise in Q1 profit, as expected; sticks to guidance
View All Finance Posts