China’s venture capital (VC) firms have been sidelined in the frenzy surrounding DeepSeek, with none of them known to have invested in the open-source large AI model developer. Baidu Venture, an independent AI-focused investment arm initiated by its namesake Chinese internet giant, did not invest in DeepSeek even though the venture company sits just one…
But DeepSeek’s head office in Hangzhou, capital of eastern Zhejiang province, on Wednesday kept mum on the firm’s potential next moves, as it declined all requests from news media, including the South China Morning Post. More security personnel were deployed outside its office building on the same day, according to one of the guards on…
The Hangzhou-based firm over the past several weeks released two powerful new AI models, DeepSeek-V3 and DeepSeek-R1, that were built at a fraction of the cost and computing power that major tech companies muster to build large language models (LLMs) – the technology underpinning generative AI services like ChatGPT. On social media, the AI community…
The Hangzhou-based company sent shock waves across Wall Street and Silicon Valley for developing AI models at a fraction of the cost compared with OpenAI and Meta Platforms, which prompted US President Donald Trump to call the breakthrough a “wake-up call” and “positive” for America’s tech sector. At home, Chinese tech executives and various commentators…
The rise of little-known Chinese tech start-up DeepSeek has exposed weaknesses in America’s “small yard, high fence” strategy to contain China’s technological progress, according to experts. The company’s success has also signalled an intensifying competition between the US and China to win over the brightest AI minds, they said, while noting that China may still…
Liang Wenfeng, 40, took part in the meeting where a select group of industry experts – in the fields of technology, education, science, culture, health and sports – offered Li their opinions and suggestions for a draft government work report, according to official news agency Xinhua. Hangzhou-based start-up DeepSeek last December made waves in the…