DeepSeek accelerates to launch next-gen AI model as China goes all in

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DeepSeek accelerates to launch next-gen AI model as China goes all in - Business Standard

Quick Summary:

Further limits on advanced AI chips are a challenge that Liang has acknowledged."Our problem has never been funding," he told Waves in July."It's the embargo on high-end chips.

The quant fund was an earlier pioneer in AI trading and a top executive said in 2020 that High-Flyer was going "all in" on AI by re-investing 70% of its revenue, mostly into AI research.High-Flyer spent 1.2 billion yuan on two supercomputing AI clusters in 2020 and 2021.

The subsequent fanfare over the cost competitiveness of its models has buoyed Beijing's belief that it can out-innovate the U.S., with Chinese companies and government bodies embracing DeepSeek models at a pace that has not been offered to other firms.