DeepSeek R1 (2025)
Chinese lab DeepSeek released an open-weight reasoning model that matched OpenAI's top-tier reasoning model on several benchmarks at a fraction of the cost. The release triggered a global selloff in US AI stocks, with Nvidia losing hundreds of billions in market value in one session.
US lawmakers introduced bills to restrict Chinese AI; US tech companies scrambled to explain the competitive gap.
Established that Chinese labs can produce frontier open-weight models, reshaping US-China AI competition.
Kimi K3 is the next major Chinese open-weight frontier model, but unlike DeepSeek R1, it now has enterprise distribution inside a US hyperscaler rather than relying on direct downloads.
