China’s AI darling DeepSeek previews new model

The DeepSeek logo is seen in this illustration taken on January 29, 2025. REUTERS
BEIJING, April 24 (Reuters) – DeepSeek, the Chinese artificial intelligence startup whose low-cost model stunned the ​world last year, launched a preview of its ‌highly anticipated new model, the V4, on Friday.
The pro version of V4 outperforms other open-source models in world-knowledge benchmarks, ​trailing only Google’s Gemini-Pro-3.1 which is a closed-source ​model, DeepSeek said.
The V4 also comes in ⁠a lower-cost flash version. The preview versions allow ​the company to incorporate real-world feedback. DeepSeek did not ​provide a timeline for when the model is expected to be finalised.
Owned by China’s High-Flyer Capital Management, DeepSeek is aiming ​to raise funds at a valuation exceeding $20 billion, ​according to a report by The Information this month, which also ‌said ⁠that tech giants Alibaba and Tencent were in discussions to take stakes.
DeepSeek has been the subject of much controversy, accused by Washington and U.S. rivals ​of improper and ​illegal behaviour ⁠several times.
On Thursday, the White House accused China of stealing U.S. AI labs’ ​intellectual property on an industrial scale, threatening ​to ⁠strain relations ahead of a summit between U.S. and Chinese leaders next month.
The Chinese Embassy in Washington ⁠said it ​opposes “the baseless allegations,” adding that ​Beijing “attaches great importance to the protection of intellectual property rights.”

Reporting by ​Ethan Wang and Eduardo Baptista; Editing by Edwina Gibbs

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