A powerful artificial intelligence model that appeared anonymously on a developer platform last week was revealed on Wednesday, March 19, to be from Chinese smartphone and EV giant Xiaomi, after it fueled speculation that startup DeepSeek was quietly testing its next-generation system ahead of a launch.
The release of DeepSeek‘s low-cost models DeepSeek-V3 and R1 triggered a global tech stock selloff last year, causing investors to question whether US AI firms needed to spend billions of dollars on AI computing power. Since then, there…

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