DeepSeek's progress signals China's AI industry's rise

News Image

MG News | March 04, 2025 at 01:11 PM GMT+05:00

0:00

March 04, 2025 (MLN): The progress of DeepSeek reflects the rise of Chinese companies in artificial intelligence (AI), a spokesperson for China's parliament told reporters on Tuesday.

Lou Qinjian, responding to a question on China's progress in AI, said what DeepSeek's young team had achieved was "commendable".

"DeepSeek adheres to an open-source approach and promotes the widespread application of AI technology globally, which contributes Chinese wisdom to the world," he said.

"Through the rise of companies like DeepSeek, we can see the innovation and inclusiveness of China's technological development", Lou Qinjian added.

AI startup DeepSeek has been lauded in China since it recently rattled the global tech sector by rolling out AI models that cost a fraction of those being developed by U.S. rivals such as OpenAI, according to Reuters.

While some governments, such as South Korea and Italy, have removed DeepSeek's chatbot from national app stores, citing privacy concerns, it has been firmly embraced in China, with local governments and tech firms integrating it into their systems.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,580.00 119,440.00
118,145.00
285.00
0.24%
BRENT CRUDE 72.98 73.17
71.75
0.47
0.65%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.71 69.79
68.45
0.50
0.72%
SUGAR #11 WORLD 16.43 16.58
16.37
-0.16
-0.96%

Chart of the Day


Latest News
July 30, 2025 at 05:54 PM GMT+05:00

Pakistan BCI decreased by 1.2 points in July


July 30, 2025 at 05:17 PM GMT+05:00

Pakistan consumer confidence falls to 40.1 points in July


July 30, 2025 at 05:03 PM GMT+05:00

PKR rises by 10 paisa against USD


July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg