DeepSeek launches major upgrade to V3 LLM, Reuters reports

Chinese AI startup DeepSeek released a major upgrade to its V3 large language model, intensifying competition with U.S. tech companies OpenAI and Amazon (AMZN)-backed Anthropic. The latest model demonstrates major improvements in areas such as reasoning and coding capabilities compared to its predecessor, according to the report. DeepSeek is a Chinese-built large-language open-source model that claims to rival offerings from Microsoft-backed (MSFT) OpenAI’s ChatGPT and Meta Platforms (META) but using a much smaller budget.