China’s AI upstart DeepSeek drops new model. Will it make waves like last year?

Hong Kong — 

China’s DeepSeek unveiled a preview version of its much-anticipated new model on Friday, promising to rival models from OpenAI, Anthropic and Google a year after the then little-known start up took the global AI industry by storm.

The Hangzhou-based company highlighted major upgrades in the new model V4’s reasoning and agentic abilities that could act autonomously on one’s behalf, like writing code. It also boasted new capabilities that enhance the model’s efficiency in processing larger numbers of tokens, the fundamental units of information which AI models use to comprehend instructions.

DeepSeek became the

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