How Trump's U-turn on chips could unleash Chinese AI

6 days ago

Six months ago DeepSeek, a Chinese artificial-intelligence (AI) firm, wowed the world with the v3 model and its successors. For the first time, a country other than America—and one that America had cut off from the supply of top-of-the-range semiconductor chips—was producing open-source models that rivalled those designed in Silicon Valley.

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Six months after DeepSeek's breakthrough, China speeds on with AI

Economist

6 hours ago

Economist

Six months after DeepSeek's breakthrough, China speeds on with AI

The mecca for China's boom in artificial intelligence is Liangzhu, a leafy suburb of Hangzhou, the tech-heavy capital of Zhejiang province. The Communist Party has long touted Liangzhu's famous archaeological remains, dating back to 3300BC, as proof of the age of Chinese civilisation. Now Liangzhu, with its myriad AI startups, represents the future. Investors from all over China flock there to meet growing numbers of founders, app engineers and other AI developers and dreamers. It is six months since a barely known AI startup, DeepSeek, caused a huge stir by releasing an impressive open-source model trained for a sliver of the cost of fancier Western ones. Its founder studied at Zhejiang University, a tech mothership not far from Liangzhu. The area is at the heart of an AI ecosystem which China hopes will soon rival America's.

Cash-trapped (part 1): saving amid a property crisis

Economist

7 hours ago

Economist

Cash-trapped (part 1): saving amid a property crisis

Open up the balance sheet of a typical Chinese household, and you will see plenty to worry about on both sides of the ledger. Household debt is higher than it was a decade ago, while savings are concentrated in bank deposits or bricks and mortar. This conservative approach to saving may have worked in the past—but now it's showing signs of strain amid a faltering property market, stagnant wages and growing debt distress. In a two-part series, we're asking Chinese families, young professionals and business owners about their money troubles. This week, Jiehao Chen, The Economist 's China researcher, and Simon Cox, our China economics editor, explore how the dream of security through home ownership became a nightmare.

Senators ask US to probe data security issues with DeepSeek

Reuters

8 hours ago

Reuters

Senators ask US to probe data security issues with DeepSeek

Aug 5 (Reuters) - A group of seven Republican U.S. senators on Tuesday asked the Commerce Department to evaluate potential data security vulnerabilities posed by Chinese open-source AI models like DeepSeek. The senators including Jon Husted, Ted Budd and John Cornyn want the Commerce Department to detail any threats from data collected by applications being fed back to Chinese servers or whether the AI models are feeding American personal or enterprise data to China's military or to companies with Chinese military ties. Commerce Secretary Howard Lutnick said in January it appeared DeepSeek had misappropriated U.S. AI technology and vowed to impose restrictions.