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China's DeepSeek says its hit AI model cost just $294,000 to train

The Deepseek logo is seen in this illustration taken on January 29, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tabBEIJING, Sept 18 (Reuters) - Chinese AI developer DeepSeek said it spent $294,000 on training its R1 model, much lower than figures reported for U.S. rivals, in a paper that is likely to reignite debate over Beijing's place in the race to develop artificial intelligence.The rare update from the Hangzhou-based company - the first estimate it ...

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