China floods the world with AI models after DeepSeek’s success

China floods the world with AI models after DeepSeek’s success
Chinese companies are disrupting the global AI market. (Image: Depositphotos)
Bloomberg
By Saritha Rai and Yazhou Sun,with assistance from Claire Che, Luz Ding and Amy ThomsonSince DeepSeek upstaged OpenAI in January with a powerful model that purportedly cost just several million dollars to build, China’s tech leaders have flooded the market with a rapid succession of low-cost AI services, undercutting premium offerings from the likes of OpenAI and Google. Chinese companies have in the past two weeks rolled out no fewer than 10 major product updates or releases – and that’s just the big names.Baidu unfurled...

More Technology

No more offshore: startups look to spend and hire in US
Technology

No more offshore: startups look to spend and hire in US

Faster deductions make adding staff cheaper when cash flow is critical, executives say.

Small cap spotlight: Blackpearl Group
Markets Small Cap Wrap

Small cap spotlight: Blackpearl Group

Founder Nick Lissette says it's patriotic to be listed, but hard work.

New Mars Bioimaging CEO plans final push into the marketplace
Technology

New Mars Bioimaging CEO plans final push into the marketplace

The company is focusing on New Zealand and the United States.

Greg Hurrell 15 Aug 2025
Vista revving up cloud transition but needs more staff
Markets

Vista revving up cloud transition but needs more staff

Cinema software company says its going to spend more to get customers on the cloud.