Government policies, generous funding and a pipeline of AI graduates have helped Chinese firms create advanced LLMs.

China's Alibaba unveils new AI model Qwen 2.5 Max, claiming it outperforms ChatGPT, DeepSeek, and Llama in the AI race.

Alibaba claims that its Qwen2.5-Max artificial intelligence model outperformed its rivals at OpenAI, Meta and DeepSeek.

DeepSeek was the most downloaded free app on Apple's US App Store over the weekend. By Monday, the new AI chatbot had triggered a massive sell-off of major tech stocks which were in freefall as fears mounted over America's leadership in the sector.

The sudden rise of Chinese AI app DeepSeek has leaders in Washington and Silicon Valley grappling with how to keep the U.S. ahead in the crucial technology.

Flyer, built a 100 billion yuan ($13.79 billion) portfolio using artificial intelligence models to make investment decisions, but in 2023 decided to change track to focus on developing the most cutting-edge AI.