DeepSeek accelerates launch of next-gen AI model amid China’s AI push

DeepSeek-V3 ends promotional pricing, updates API service rates. Credit: DeepSeek

Chinese AI startup DeepSeek is fast-tracking the launch of its R2 model after the success of its earlier release, R1, which outperformed many Western competitors, according to Reuters. Initially planned for May, the new model is now expected to launch sooner, sources close to the company said. DeepSeek aims to enhance its AI’s coding abilities and expand its language capabilities beyond English. The firm’s cost-effective approach has already shaken up the global AI market, with R1’s performance exceeding expectations despite using less powerful Nvidia chips. Experts predict R2 could mark a turning point in AI development, challenging the dominance of US tech giants. DeepSeek, led by Liang, operates with a flat management structure and unconventional methods, prioritizing innovation over the rigid practices common in China’s tech industry. [Reuters]