The Chinese artificial intelligence firm DeepSeek has rattled the US market with claims that its latest AI model, R1, performs on a par with those of OpenAI, with many users flocking to test the rival of ChatGPT. DeepSeek’s emergence has raised concerns that China may have overtaken the US in the AI race despite restrictions on its access to the most advanced chips. It's just one of many Chinese companies working on AI, with a goal of making China the world leader in the field by 2030 and besting the US in their battle for technological supremacy.Like the US, China is investing billions into artificial intelligence. Last week, it created a 60 billion yuan ($8.2 billion) AI investment fund, days after the US imposed fresh chip export restrictions.
The Chinese artificial intelligence firm DeepSeek has rattled the US market with claims that its latest AI model, R1, performs on a par with those of OpenAI, with many users flocking to test the rival of ChatGPT. DeepSeek’s emergence has raised concerns that China may have overtaken the US in the AI race despite restrictions on its access to the most advanced chips. It's just one of many Chinese companies working on AI, with a goal of making China the world leader in the field by 2030 and besting the US in their battle for technological supremacy.Like the US, China is investing billions into artificial intelligence. Last week, it created a 60 billion yuan ($8.2 billion) AI investment fund, days after the US imposed fresh chip export restrictions.