Chinese start-up DeepSeek’s release of a new large language model (LLM) has made waves in the global artificial intelligence (AI) industry, as benchmark tests showed that it outperformed rival models from the likes of Meta Platforms and ChatGPT creator OpenAI. The Hangzhou-based company said in a WeChat post on Thursday that its namesake LLM, DeepSeek V3, comes with 671 billion parameters and trained in around two months at a cost of US$5.58 million, using significantly fewer computing resources