Brief

DeepSeek has released DeepSeek-R1, an open-source model designed to rival OpenAI's o1 in reasoning capabilities. Available under the MIT license, this model can be run locally on a single GPU, offering enhanced privacy and cost savings compared to API-based services. The model comes in various sizes, with the 14B and 32B versions recommended for most users, offering different VRAM requirements and performance levels. AI

DeepSeek, a Chinese AI lab, is reportedly in discussions for a significant funding round of 70 billion yuan, with a Chinese state AI fund potentially contributing 10 billion yuan. This potential deal would transition the open-source lab from private backing to state-linked capital, serving as a test case for Beijing's involvement in the global AI race. The company continues to pursue its AGI ambitions despite acknowledging a substantial compute gap compared to US labs. AI