India IT minister praises DeepSeek's low-cost AI, compares it with own investment approach

Reuters

Summary

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Chinese tech company Alibaba on Wednesday released a new version of its Qwen 2.5 artificial intelligence model that it claimed surpassed the highly-acclaimed DeepSeek-V3.
The Korea Times
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Wall Street was headed for a muted open after the Nasdaq closed 2% higher Tuesday and made back a big chunk of Monday's big DeepSeek-driven selloff.
CNBC
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The stock market plummeted this week after a Chinese company showed it could do more with less.
The Washington Post
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On Monday, markets were in meltdown when it emerged that a Chinese app called DeepSeek had developed a low-cost AI technology that can compete with those of US giants but at a fraction of the cost and a fraction of the computing power.
Irish Times

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