November 20, 2024: Chinese Lab Unveils OpenAI Rivaling AI Model - DeepSeek, a Chinese AI research company funded by High-Flyer Capital Management, has introduced DeepSeek-R1, a reasoning AI model designed to compete with OpenAIs o1. The model can fact-check and reason through tasks, although it faces challenges with logic problems and political sensitivities. DeepSeek-R1 performs comparably to OpenAIs o1-preview on benchmarks AIME and MATH. It highlights the growing interest in test-time compute as traditional scaling laws lose traction. DeepSeek plans to open source the model and offer an API, underlining Chinas focus on its own AI advancements amid regulatory pressures.