DeepSeek launches V3 AI model update to compete with OpenAI. What’s new?

DeepSeek’s AI has sparked a debate about whether cutting-edge platforms can be built for far less than the billions of dollars invested by US companies to build data centers. Chinese AI startup DeepSeek has released an update to its V3 model that promises better programming capabilities.
The V3-0324 update, which was initially announced on Hugging Face this week but has not yet been officially released, claims to address real-world challenges while setting benchmarks for accuracy and efficiency. V3 is actually an older DeepSeek platform, and DeepSeek claims to have significant improvements in benchmark performance across multiple metrics.
It also claims to have improved the style and content quality of Chinese writing features, improved multi-round interactive rewrites, optimized translation quality and letter writing, enhanced reporting analysis requests and output more detailed output, and improved the accuracy of function calls, fixing issues in previous V3 versions.
The startup’s AI service has sparked a debate about whether cutting-edge platforms can be built for far less than the billions of dollars invested by US companies to build data centers. It also highlights the company’s intention to stay ahead of its competitors, especially those from Silicon Valley, such as OpenAI and Google.
Previously, DeepSeek surpassed OpenAI’s ChatGPT to become the most popular free app in Apple’s US App Store.
DeepSeek’s achievements also include the performance of the initial R1 model, which seems to be on par with OpenAI’s best model, but at a fraction of the cost. The cost part was particularly shocking to the industry and triggered a sell-off in  AI and technology-related stocks in the US market. This is because the best companies in Silicon Valley have invested huge amounts of money in their artificial intelligence projects, but have only achieved similar results

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