The Chinese artificial intelligence firm DeepSeek has rattled markets with claims its latest AI model performs on a par with those of OpenAI, despite using less advanced, more energy efficient compute

Chinese artificial intelligence (AI) startup DeepSeek claims to have developed an AI assistant with performance comparable to leading Western models like OpenAI's ChatGPT and Google's Gemini but at a fraction of the cost.

At a supposed cost of just $6 million to train, DeepSeek’s new R1 model, released last week, was able to match the performance on several math and reasoning metrics by OpenAI’s o1 model – the outcome of tens of billions of dollars in investment by OpenAI and its patron Microsoft.

Chinese tech startup DeepSeek’s new artificial intelligence chatbot has sparked discussions about the competition between China and the U.S. in AI development, with many users flocking to test the rival of OpenAI's ChatGPT.

With an actual open source model, China's AI leader just whupped America's AI leader. Can Sam Altman fight back?

Days after Chinese upstart DeepSeek revealed a breakthrough in cheap AI computing that shook the U.S. technology industry, the chief executives of Microsoft and Meta defended massive spending that they said was key to staying competitive in the new field.

DeepSeek has triggered a dramatic rethink on artificial intelligence spending around the world, except perhaps in China. The startup's impressive low-cost model showcases the country's innovation prowess.

Chinese bloggers, state media and local citizens have welcomed DeepSeek's global success with pride and glee, with some saying the homegrown AI startup's meteoric rise is a sign China is beating back Washington's attempts to contain the country's tech industry.

The 40-year-old founder of China's DeepSeek, an AI startup that has startled markets with its capacity to compete with industry leaders like OpenAI, kept a low profile as he built up a hedge fund that now manages a reported $8 billion in assets.