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It's open source and researchers are already duplicating the process, so I'm not sure if that will ever happen.
They're gonna ban access to the official service provided by a Chinese company. That's what this is about. The biggest fear is that everybody starts using DeepSeek, and then it will muscle out US companies that fell behind. Once people start using their service, they'll have little reason to switch to something else going forward. Banning it is a protectionist measure that allows US companies to catch up.
This service can be straight-up forked like a Fediverse instance. Banning the service will not hurt competition.
The key for them is that they want the service to be provided by a US company. There are actually already a few companies hosting DeepSeek in US, and I'm sure the techniques will be incorporated by everyone in short order.
And DeepSeek can continue to release open source models. Banning just the service happens to lower the cahnces of DeepSeek going the same way OpenAI did, as in it would be more unlikely for them to close off the models like OpenAI did if they want to continue shaking up the market.
As I explained above the open source models aren't the problem from the US perspective. DeepSeek will obviously continue to release models, and it will likely become the standard outside the west. However, US will not allow it become the dominant service provider in the US, and that's why I expect the service to be banned. The US will force American companies to use a domestic provider, and Europe is likely to do the same.