Chinese AI startup DeepSeek pushes US rivals with R1 model upgrade

Company quietly puts out latest version of low-cost AI model that surprised the West

20250529N deepseek screen

Chinese AI startup DeepSeek released an update to its R1 reasoning model. © Reuters

SHANGHAI/BEIJING (Reuters) -- Chinese artificial intelligence startup DeepSeek released the first update to its hit R1 reasoning model in the early hours of Thursday, stepping up competition with U.S. rivals such as OpenAI.

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