Government policies, generous funding and a pipeline of AI graduates have helped Chinese firms create advanced LLMs.

The Chinese artificial intelligence firm DeepSeek has rattled markets with claims its latest AI model performs on a par with those of OpenAI, despite using less advanced, more energy efficient compute

OpenAI believes DeepSeek used a process called “distillation,” which helps make smaller AI models perform better by learning from larger ones.

American AI stocks got sucker punched after China's DeepSeek app reportedly showed advancements against rivals sending investors into sell mode, shaving 3% off the Nasdaq.

DeepSeek stunned the tech world with the release of its R1 "reasoning" model, matching or exceeding OpenAI's reasoning model for a fraction of the cost.

Quantitative hedge fund, High-Flyer, built a 100 billion yuan ($13.79 billion) portfolio using artificial intelligence models to make investment decisions, but in 2023 decided to change track to focus on developing the most cutting-edge AI.