China's DeepSeek Showcases Tech Advances Despite US Curbs

China's DeepSeek has taken the world by surprise with its powerful model, showcasing advances in the country's AI technology despite US restrictions. The latest R-1 reasoning model has impressed users with how close the technology has caught up with those of US pioneers like OpenAI. Bloomberg Intelligence senior analyst Robert Lea explains what DeepSeek's rise means for its rivals.
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