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The icons for the smartphone apps DeepSeek and ChatGPT are seen on a smartphone screen in Beijing
When Chinese startup DeepSeek released its AI model this month, it was hailed as a breakthrough, a sign that China's artificial intelligence companies could compete with their Silicon Valley counterparts using fewer resources.
The narrative was clear: DeepSeek had done more with less, finding clever workarounds to U.S. chip restrictions. However, that storyline has begun to shift.
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