China's DeepSeek on Friday released a new AI model with "drastically reduced" costs that it said was capable of processing extra-long texts to help it complete tasks. The company caused shockwaves last…

The company says its cost-efficient new V4 model is competitive with top closed-source models from OpenAI and Google DeepMind.

Chinese AI startup DeepSeek has released a preview version of its long awaited V4 large language model.