Since DeepSeek-R1's debut, Chinese companies like Baidu, DeepSeek, Tencent, Ant, and Alibaba have been flooding the market with low cost AI services and models (Bloomberg)
Bloomberg: Since DeepSeek-R1's debut, Chinese companies like Baidu, DeepSeek, Tencent, Ant, and Alibaba have been flooding the market with low cost AI services and models — - China firms release 10 major releases or updates in two weeks — Low-cost, open source models may undercut Valley firm profits


Bloomberg:
Since DeepSeek-R1's debut, Chinese companies like Baidu, DeepSeek, Tencent, Ant, and Alibaba have been flooding the market with low cost AI services and models — - China firms release 10 major releases or updates in two weeks — Low-cost, open source models may undercut Valley firm profits