DeepSeek Has Rattled the AI Industry. Here's a Look at Other Chinese AI Models

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. Like the U.S., China is investing billions into artificial intelligence. Last week, it created a 60 billion yuan ( 8.2 billion) AI investment fund, days after the U.S. imposed fresh chip export restrictions. Beijing has also invested heavily in the semiconductor industry to build its capacity to make advanced computer chips, working to overcome limits on its access to those of industry leaders.