The Chinese artificial intelligence firm DeepSeek has rattled markets with claims that its latest AI model, R1, performs on a par with those of OpenAI, despite using less advanced computer chips and consuming less energy.
DeepSeek’s emergence has raised concerns that China may have overtaken the U.S. in the artificial intelligence 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 U.S. in their battle for technological supremacy.
