China’s DeepSeek releases long-awaited new AI model

Chinese startup DeepSeek released a new artificial intelligence model with “drastically reduced” costs Friday, more than a year after it stunned the world with a low-cost reasoning model that matched the capabilities of US rivals.

The AI race has intensified the rivalry between China and the United States, with the White House on Thursday accusing Chinese entities of a massive effort to steal artificial intelligence technology. Beijing called the claim “baseless”.