DeepSeek, a Chinese startup, has made waves in the tech world with its open-source artificial intelligence (AI) model, which rivals US competitors despite having significantly less funding. Its success has sent US tech stocks plummeting and prompted investors to reassess their strategies. Experts draw parallels to China's dominance in the electric vehicle (EV) industry, highlighting a national strategy of prioritizing and investing heavily in critical sectors.
No, it wasn’t BYD, the 20-year-old automaker that gained sudden global recognition in recent years as it began to export low-price electric vehicles all over the world. This week’s buzz was about DeepSeek, a Chinese startup that shocked techies when it released a new open-source artificial intelligence model with seemingly a fraction of the funding US competitors have hoovered up to build their own.
The history of the Chinese auto industry demonstrates sophisticated research networks and firms’ abilities to build on the success of their predecessors, says Kyle Chan, a postdoctoral researcher at Princeton University who writes about Chinese industrial and climate policy. Witness the success of Geely, which began the late 1980s as a refrigerator parts company before transitioning to autos in 1997.
AI CHINA TECH STARTUP DEEPSEEK OPEN-SOURCE INNOVATION COMPETITIVENESS
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