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DeepSeek may be the best Chinese New Year gift to China this year, but can it sink its US rivals?

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The logo of DeepSeek is displayed alongside its AI assistant app on a mobile phone, in this illustration picture taken January 28, 2025. REUTERS/Florence Lo/Illustration

DeepSeek appears to have come out of nowhere and done the unthinkable with its open-source large language models.

PHOTO: REUTERS

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Over the past week, the global artificial intelligence (AI) industry has been fixated on one thing and one thing only: The emergence of, until now, a little-known Chinese start-up called DeepSeek.

This privately held AI newbie, founded only in 2023, appears to have come out of nowhere and done the unthinkable with its open-source large language models.

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