Hangzhou, the capital of China’s southeastern Zhejiang province, is rapidly gaining recognition as a leading technology hub in the country with the rise of local start-ups known as the “Six Little Dragons”. Among the hottest of the start-ups right now is DeepSeek, which captured global attention this year for its cost-efficient artificial intelligence (AI) models….
By Samuel Shen and Jiaxing Li SHANGHAI/HONGKONG (Reuters) – Chinese investors are rushing into AI-related stocks, betting the artificial intelligence advance of home-grown startup DeepSeek will lead to a boom in the sector and give the initiative to China in an intensifying Sino-U.S. technology war. Feverish buying has pumped up shares of Chinese chipmakers, software…
China’s AI tech stocks surged after the Chinese New Year public holidays. DeepSeek’s rise challenges Western AI dominance and boosts Chinese tech sector confidence. However, broader Chinese markets fell amid US-China trade war jitters. DeepSeek-related Chinese tech stocks surged on Wednesday, despite trade war jitters that hit the broader market. Last week, affordable Chinese AI…
DeepSeek may prove to be China’s most important technological contribution to the world in almost two centuries, according to a leading scientist. Rao Yi, the president of Capital Medical University in Beijing, argued in a post on social media: “DeepSeek is the biggest shock to human society to come out of China in terms of…
The CEO of Anthropic, an AI company backed by Amazon and Google, argued that the US government must impose heavy restrictions on China in order to maintain a monopoly on artificial intelligence technology. If the US government can block China from getting advanced semiconductors, we will “live in a unipolar world, where only the US…
Predictably, the backlash against China’s DeepSeek has begun in America. But the most outlandish criticism must be the one trying to distinguish “authoritarian AI” from “democratic AI”. Dario Amodei, CEO of Anthropic, the main rival of OpenAI, wrote on his personal website: “[China is] an authoritarian government that has committed human rights violations, has behaved…
As the global tech industry reels from the emergence of Chinese start-up DeepSeek, Congress is reacting quickly with proposals to separate US AI development from China and strengthen its competitive edge. One of the most expansive efforts is a bill by Senator Josh Hawley that seeks to ban imports of AI technology and intellectual property…
Larry Ellison, Oracle Co-Founder And One Of Richest Men In The World, Saw His Net Worth Dip $22.6 Billion In One Day Due To DeepSeek Selloff Larry Ellison, the Oracle (NYSE:ORCL) co-founder and one of the richest people on the planet, watched $22.6 billion disappear in a single day on January 27—and he didn’t even…
The emergence of the DeepSeek chatbot has sent Silicon Valley into a frenzy, with calls to go faster on advancing artificial intelligence and beat communist-led China before it is too late. California tech investors have usually kept their involvement in politics low key, generally supporting centrist politicians who don’t get in the way of their…
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…