Chinese AI startup DeepSeek shocked the world in January with an AI model, called R1, that rivaled OpenAI and Anthropic’s top LLMs. It was built at a fraction of the cost of those other models, using far fewer Nvidia chips, and was released for free. Now, just two weeks after OpenAI debuted its latest model, GPT-5, DeepSeek is back with an update to its flagship V3 model that experts say matches GPT-5 on some benchmarks—and is strategically priced to undercut it.

DeepSeek’s new V3.1 model was quietly released in a message to one of its WeChat groups, China’s all-in-one messaging and social app, as well as on the Hugging Face platform. Its debut touches several of today’s biggest AI narratives at once. DeepSeek is a core part of China’s broader push to develop, deploy, and control advanc

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