Chinese AI startup DeepSeek releases new model in evolving rivalry with US firms

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China-based artificial intelligence (AI) startup DeepSeek has released a new AI model in its push to rival the most advanced models from U.S.-based firms like OpenAI.

Deepseek’s new model, the DeepSeek-V3-0324, received a major update to its V3 large language model, boosting performance in key aspects, including reasoning and coding, Reuters reported Tuesday, citing benchmark tests published on AI development platform Hugging Face.

The new model was made available through the Hugging Face platform.

DeepSeek has turned heads in Silicon Valley as the company appears to be nearly matching the capabilities of chatbots like OpenAI’s ChatGPT, but at a fraction of the development cost.

WHAT IS CHINA AI STARTUP DEEPSEEK?

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