DeepSeek Heralds a New Phase in the AI Race: Low-Cost Competition

DeepSeek Heralds a New Phase in the AI Race: Low-Cost Competition

The Main ItemTech Giants Hold Firm on AI Spending Plans, but DeepSeek Shows Upstarts Can Still Change the GameEugene Gologursky/Getty ImagesOpenAI and other top AI companies succeeded last week in pushing back on the idea that China’s DeepSeek, with its low-cost solution, represented an existential threat to their businesses. A blitz of product announcements from OpenAI and Google over the past two weeks showed they still have plenty up their sl…