Chinese tech industry floods market with AI models after DeepSeek success

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Chinese tech industry floods market with AI models after DeepSeek success - Business Standard

Quick Summary:

Just in the past week, Tencent Holdings Ltd.trotted out its AI blueprint and answer to the R1; Ant Group Co.shared findings on how Chinese chips can slash costs by a fifth; DeepSeek itself upgraded the V3 model.

Chinese companies have in the past two weeks rolled out no fewer than 10 major product updates or releases — and that’s just the big names.Baidu Inc.unfurled the Ernie X1 in direct competition with DeepSeek’s R1.

The open-source, high-performance, resource-efficient models that followed DeepSeek’s January announcement are being replicated and used globally, including in the US and India — even as businesses and government officials in these countries move to restrict access to DeepSeek itself on employee devices.