With around six million dollars and a stockpile of chips acquired before Washington banned their export to China, startup DeepSeek has produced what Chinese tech titans couldn't—a world-class AI chatbot.

At least three other companies including those backed by Alibaba and Tencent released updates to their applications in recent weeks.

DeepSeek has delighted the Chinese internet ahead of Lunar New Year, the country's biggest holiday. It's good news for a beleaguered economy and a tech industry that is bracing for further tariffs and the possible sale of TikTok's US business.

A senior staffer's short-lived promotion in the powerful House Foreign Affairs Committee caused a stir Wednesday over his past lobbying for sanctioned Chinese drone maker DJI. Newsweek reached out to Mark Aitken and the House Foreign Affairs Committee with written requests for comment.

On 12 January, two days after the release of DeepSeek-R1, ByteDance, the company that owns TikTok, released an update to its flagship AI model, claiming to have passed OpenAI's o1 version (backed by Microsoft) in AIME, a benchmark test that measures the ability of AI models to understand and respond to complex instructions.

Those who have had professional dealings with DeepSeek say he is obsessed with human-like artificial general intelligence ( AGI) and the impact it could have on the world. In his pursuit of it, DeepSeek’s founder is upending ideas about technological progress both in the West and China.

The Chinese company DeepSeek seemed to have come out of nowhere this week when it upturned markets. Here’s what to know about Liang Wenfeng, the engineer who started it.

This rapid advancement marks a turning point in the AI race between the U.S. and China. Until recently, many Western experts believed the U.S. maintained a multi-year lead over China in AI development.

Chinese tech company Alibaba on Wednesday released a new version of its Qwen 2.5 artificial intelligence model that it claimed surpassed the highly-acclaimed DeepSeek-V3. The unusual timing of the Qwen 2.

BEIJING: Alibaba, a renowned Chinese tech company, on Wednesday released a new version of its Qwen 2.5 artificial intelligence model that it claimed surpassed the

Tech stocks lead gains in Hang Seng and Nikkei 225, fueled by Beijing stimulus, Trump’s tariff shift, and Fed rate cut hopes

The dividend yield on Chinese stocks has risen to around 3%, the highest since 2016, rewarding investors who have bravely stayed invested in a market that has been limp for years and faces more stress after Donald Trump's return as U.S. president.