DeepSeek and ChatGPT are both AI chatbots, but they cater to different needs. DeepSeek excels in coding and technical tasks, offering a budget-friendly alternative as it is currently free. Its open-source nature allows for customization and enhanced privacy, running locally on users' machines. While it performs well in technical queries, it struggles with creative tasks and has safety concerns. Overall, DeepSeek is a compelling choice for casual users seeking efficiency and affordability.