The economic hardware/software debate about China just got more complicated. Before DeepSeek flipped the script on the artificial intelligence game, many economists worried China had way too much of the former and not enough of the latter.

Government policies, generous funding and a pipeline of AI graduates have helped Chinese firms create advanced LLMs.

Chinese AI firm DeepSeek says it is facing "large-scale malicious attacks", which are affecting its services. Chinese state media is citing cyber security experts who say the attacks are originating from US-based IP addresses,