Social media exploded in a celebration after the news that a Chinese start-up had made an artificial intelligence tool that was more efficient than any in the United States.

U.S. companies were spooked when the Chinese startup released models said to match or outperform leading American ones at a fraction of the cost.

Liang Wenfeng, the founder of China’s chatbot app DeepSeek, has become a sensation overnight. He is being dubbed as the ‘AI hero’. But Liang is not alone. Meet his team of young talent which boasts of Luo Fuli,

Chinese startup DeepSeek has shaken financial markets by presenting a new artificial intelligence (AI) model. The company from China unexpectedly caused a drop in stocks of Silicon Valley tech companies on Wall Street.

Last March, Chinese Premier Li Qiang opened the legislature’s annual meeting by setting an economic growth target for 2024 of “ around 5 percent .” This was considered ambitious, given the economic headwinds: a property market slump that has crimped people’s savings, high youth unemployment, factory overcapacity and sluggish retail spending.

Chinese Premier Li Qiang on Sunday held a symposium at the Great Hall of the People with representatives of foreign experts who have won the 2024 Chinese Government Friendship Award and those who are working in China.

Chinese Premier Li Qiang presides over a high-level reception to ring in the Chinese New Year at the Great Hall of the People in Beijing, capital of China, Jan 27, 2025. The Communist Party of China (CPC) Central Committee and the State Council held the reception on Monday in Beijing. [Photo/Xinhua]

DeepSeek is a cheaply built artificial intelligence language model which outperforms American versions in some measures

Chinese Premier Li Qiang also a member of the Standing Committee of the Political Bureau of the Communist Party of

The founder of artificial intelligence (AI) firm DeepSeek, touted as 2025's "biggest dark horse" in the open-source large language model (LLM) arena, emerged as the industry's new face in China at a symposium hosted by Premier Li Qiang in Beijing on Monday.

China's fiscal revenue in 2024 rose 1.3% year on year, narrowing from 6.4% expansion in 2023, finance ministry data showed on Friday, as a property market slump and slowing domestic demands weighed on the economy.

DeepSeek threatens to disrupt the AI sector in a similar way to how Chinese companies have already upended industries such as EVs and mining.