Hong Kong: The Chinese artificial intelligence firm, DeepSeek, has made waves in the tech world by claiming its new AI model, R1, performs just as well as OpenAI’s offerings. What’s even more astonishing is that R1 achieves this despite using less powerful computer chips and consuming far less energy than its rivals.

Chinese AI firm DeepSeek has given Silicon Valley a wake-up call by launching LLMs that are cheaper yet as effective as OpenAI's models.

The launch of Deepseek has been framed as the AI race's Sputnik but the dubious timing and question's are being asked about the tech

Japan’s chipmaker stocks plunged into losses, while artificial intelligence and related stocks on Wall Street were hammered overnight amid concerns over the waning dominance of US tech giants in the AI space.

DeepSeek has quickly upended markets with the release of an R1 model that is competitive with OpenAI's best-in-class reasoning models. But some have expressed worry that the model's Chinese origins mean it will be subject to limits when talking about topics sensitive to the country's government.

In this edition of TC's AI newsletter, This Week in AI, we talk about OpenAI's new Stargate joint venture and what it means for AI rivals.

Chinese tech and e-commerce giant Alibaba on Wednesday announced the release of Qwen2.5-Max, an advanced artificial intelligence model that the company says outperforms several leading AI systems in key benchmarks.

US stock index futures also tumbled amid concerns DeepSeek’s AI models challenge US AI leadership. Read more at straitstimes.com.

Also in today’s newsletter, Vanke’s crisis reignite fears for China’s property sector, and Tesla sues EU over tariffs on EVs from China

Based on my tests and published reports, DeepSeek not yet as advanced as its American counterparts, but it’s quite good

OpenAI 'has evidence' DeepSeek used its model to train Chinese chatbot - DeepSeek says its AI model is similar to US giants like OpenAI, despite fears of censorship around issues sensitive to Beijing

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