With around six million dollars and a stockpile of chips acquired before Washington banned their export to China, startup DeepSeek has produced what Chinese tech titans couldn't—a world-class AI chatbot.

At least three other companies including those backed by Alibaba and Tencent released updates to their applications in recent weeks.

DeepSeek has delighted the Chinese internet ahead of Lunar New Year, the country's biggest holiday. It's good news for a beleaguered economy and a tech industry that is bracing for further tariffs and the possible sale of TikTok's US business.

A senior staffer's short-lived promotion in the powerful House Foreign Affairs Committee caused a stir Wednesday over his past lobbying for sanctioned Chinese drone maker DJI. Newsweek reached out to Mark Aitken and the House Foreign Affairs Committee with written requests for comment.

On 12 January, two days after the release of DeepSeek-R1, ByteDance, the company that owns TikTok, released an update to its flagship AI model, claiming to have passed OpenAI's o1 version (backed by Microsoft) in AIME, a benchmark test that measures the ability of AI models to understand and respond to complex instructions.

This rapid advancement marks a turning point in the AI race between the U.S. and China. Until recently, many Western experts believed the U.S. maintained a multi-year lead over China in AI development.

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $14.0 to $22.0 for KE Holdings over the recent three months.

Liang Wenfeng, founder of DeepSeek, gained prominence in China’s investment world in the late 2010s by cofounding a hedge fund using AI models to generate strong returns and attract billions. He’s focused on what he views as China’s only real chance to catch up with the US: tackling fundamental AI challenges with bold ambition.

BEIJING: Chinese technology major Alibaba has unveiled an upgraded version of its AI model, Qwen 2.5, which it claims is more powerful than ..|News Track

According to a white paper released last year by the China Academy of Information and Communications Technology, the number of AI large language models worldwide has reached 1,328, with 36 per cent or

China aims to dominate in artificial intelligence and a growing variety of technologies. What it means for U.S. policymakers and investors.

DeepSeek’s rapid rise to fame this month after the release of its new AI chatbot has supercharged debates about the efficacy of U.S. export controls and the race to AI-tech superiority. Many in China celebrated DeepSeek’s open-source AI model—ostensibly built with a fraction of the resources invested into the closed-source leading American counterparts,