Latest news with #LiangWenfeng
Time of India
3 days ago
- Business
- Time of India
DeepSeek unveils update to R1 model
DeepSeek said it has upgraded the R1 artificial-intelligence model that helped propel the Chinese startup to global prominence earlier this year. DeepSeek completed what it described as a 'minor trial upgrade' and told users they can start testing it, according to a company representative's post in an official WeChat group on Wednesday. The company didn't provide details about the upgrade and didn't respond to an email seeking further comment. The Hangzhou-based startup stunned the global tech industry in January when it unveiled the original R1 , an AI model that outperformed Western players on several standardised metrics, purportedly at a cost of just several million dollars. That triggered a rout in global tech stocks as investors questioned whether leading firms would still need to spend significant amounts to build AI services. The debut of R1 turned founder Liang Wenfeng into a tech celebrity and a symbol of the country's ability to compete with the best of Silicon Valley. It also set off a race to launch additional AI models in China. In February, President Xi Jinping invited Liang to a high-profile gathering with some of the country's most prominent entrepreneurs. The young founder was seated among the likes of Alibaba Group Holding Ltd. co-founder Jack Ma and Tencent Holdings Ltd.'s Pony Ma. DeepSeek's upgrade was announced just hours before the latest financial report from Nvidia Corp. , the leading maker of AI chips whose shares were pummeled in the January rout.
Mint
4 days ago
- Business
- Mint
DeepSeek closes gap with ChatGPT, Gemini in AI race with R1 upgrade: Cuts hallucinations and improves reasoning
Chinese artificial intelligence firm DeepSeek has introduced an upgraded version of its R1 model, claiming significant improvements in mathematical reasoning, programming, and logical capabilities, while reducing hallucination rates, a common flaw in large language models. The company revealed details of the new model, DeepSeek-R1-0528, on Thursday via the AI platform Hugging Face, stating that its performance now closely rivals top-tier models such as OpenAI's o3 and Google's Gemini 2.5 Pro. The announcement comes as part of China's ongoing efforts to position itself as a serious contender in the global AI race. 'In terms of comprehensive performance, the updated model is approaching the level of the industry's leading systems,' the startup noted in its Hugging Face release. The upgrade builds upon the success of the original R1, launched in January, which surprised the global AI community by delivering competitive results despite being developed with significantly fewer resources than its Western counterparts. DeepSeek's rise has captured the imagination of both China's tech sector and political leadership. Following the debut of R1, company founder Liang Wenfeng emerged as a prominent figure within the domestic innovation landscape. His influence was underscored in February when he was invited to a prestigious economic forum hosted by President Xi Jinping. Seated alongside industry titans such as Alibaba's Jack Ma and Tencent's Pony Ma, Liang's presence symbolised the growing confidence in China's home-grown AI talent. The original R1 model sparked concerns in the West over the pace of China's AI advancements, prompting renewed urgency among major players. Its release also coincided with a brief dip in the share price of Nvidia Corp., the American firm whose chips power much of today's AI infrastructure. However, Nvidia has since recovered, supported by strong data centre investment and optimistic earnings projections. Based in Hangzhou, DeepSeek is among a new wave of Chinese AI companies striving to challenge the dominance of American tech firms. Its emphasis on cost-efficient yet high-performing models has resonated widely, both at home and abroad. (With inputs from Bloomberg)
Hindustan Times
4 days ago
- Business
- Hindustan Times
ChatGPT rival DeepSeek's R1 AI model gets a new update: Details here
DeepSeek has released an update to its R1 reasoning model, following Google's new series of announcements at I/O 2025, as the AI race keeps heating up globally and various tech giants release their own advanced models. This is the DeepSeek R1 0528 on the developer platform Hugging Face. The company, according to Reuters, did not make an official announcement this morning. Neither has the company put out a detailed description or comparison to its previous offerings. A DeepSeek official recently posted in a WeChat group that the company had completed a 'minor trial upgrade,' Bloomberg reported earlier. Also Read: PlayStation Days of Play Sale: Spider-Man 2, God of War Ragnarök, and more games get big price cuts DeepSeek came into limelight earlier this year in January when it launched its first model, R1. The tech community was questioning: how could a much smaller company like DeepSeek come up with powerful large language models such as the R1, while OpenAI had spent billions developing its own large language models? This resulted in Nvidia losing a huge chunk (at the time) of its market cap, after its share prices dropped. And it was revealed at the time that it had reportedly cost only $6 million for DeepSeek to develop, compared to the billions other companies had spent. DeepSeek R1 is also an open-source AI model, just like Meta's Llama large language model family, and excels at things like maths and reasoning. It should be noted that DeepSeek is a company based in Hangzhou, China. It was founded in July 2023, so it really hasn't been long since the company was created. The company released its first chatbot, the DeepSeek AI assistant, back in January this year on the Apple App Store, and it took the world by storm, also becoming the top free app after release. The company was founded by Liang Wenfeng. MOBILE FINDER: iPhone 16 LATEST Price, Specs And More
Yahoo
4 days ago
- Business
- Yahoo
DeepSeek Unveils Update to R1 Model
(Bloomberg) -- DeepSeek said it has upgraded the R1 artificial intelligence model that helped propel the Chinese startup to global prominence at the start of this year. NYC Congestion Toll Brings In $216 Million in First Four Months NY Wins Order Against US Funding Freeze in Congestion Fight NY Congestion Pricing Is Likely to Stay Until Year End During Court Case The company completed what it described as a 'minor trial upgrade' and is allowing users to start testing it, it said in an official WeChat group on Wednesday. Details of the upgrade weren't provided and the company didn't respond to an email seeking further comment. The Hangzhou-based startup stunned the global tech industry in January when it unveiled the original R1, a reasoning AI model that outperformed Western players on several standardized metrics, purportedly at a cost of just several million dollars. It triggered a reconsideration of heavy investments in acquiring AI computational resources and a flurry of new model introductions from Chinese players from Alibaba Group Holding Ltd. to Zhipu AI. 'The fast pace of model releases and updates since the release of DeepSeek R1 has resulted in some 'model fatigue' among investors,' said Gary Tan, portfolio manager at Allspring Global Investments. 'Until there is a breakthrough in the model, investors are turning their focus on which internet companies can integrate AI into their operations and create a killer application.' The debut of R1 turned DeepSeek founder Liang Wenfeng into a tech celebrity and a symbol of China's ability to compete with the best of Silicon Valley. In February, President Xi Jinping invited Liang to a high-profile gathering with some of the country's most prominent entrepreneurs. The young founder was seated among the likes of Alibaba co-founder Jack Ma and Tencent Holdings Ltd.'s Pony Ma. DeepSeek's upgrade was announced hours before the latest financial report from Nvidia Corp., the leading maker of AI chips whose shares were pummeled in the immediate wake of R1's release. Nvidia's fortunes have recovered since, as AI data center investment has continued at a strong pace, and the US company offered a solid forecast for the current quarter. --With assistance from Jessica Sui, Winnie Hsu and Saritha Rai. (Updates with table compiling most recent Chinese AI model releases) Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Millions of Americans Are Obsessed With This Japanese Barbecue Sauce YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Inside the First Stargate AI Data Center How Coach Handbags Became a Gen Z Status Symbol ©2025 Bloomberg L.P.
Time of India
4 days ago
- Business
- Time of India
DeepSeek unveils update to R1 model
Synopsis DeepSeek has announced a minor upgrade to its R1 AI model, which previously stunned the tech world by outperforming Western competitors at a fraction of the cost. This news arrives shortly before Nvidia's latest financial report, whose shares were impacted by the initial R1 release. The upgrade follows founder Liang Wenfeng's rise to prominence and recognition from President Xi Jinping.
