The diverging path of China’s two leading AI players shows where the country’s artificial intelligence industry is headed.

Regulators over the summer reopened a pathway for unprofitable startups in strategic industries to go public.

The Hangzhou-based company released DeepSeek-V3.2 and a more specialized variant, DeepSeek-V3.2-Speciale, which it says can match or approach the performance of OpenAI’s GPT-5 and Google’s Gemini-3 Pro on key reasoning and math benchmarks.

In January this year, an announcement from China rocked the world of artificial intelligence. The firm DeepSeek released its powerful but cheap R1 model out of the blue — instantly demonstrating that the United States was not as far ahead in AI as many experts had thought.

DeepSeek unveils V3.2 AI models matching GPT-5 and Google Gemini 3.0 Pro performance at fraction of the cost, introducing breakthrough sparse attention and reasoning-with-tools capabilities in open-source release.

DeepSeek has projected volatile December moves for XRP, Solana, and Dogecoin as crypto markets stabilize into 2026.

Beijing has meanwhile pushed Chinese technology companies to rely on domestic equipment to develop artificial intelligence Read more at The Business Times.

The turning point came when DeepSeek released its V3 and R1 models, that were on par with OpenAI's GPT and Meta's Llama models at the time US start-up OpenAI's launch of ChatGPT on November 30 three years ago sent China's technology industry scrambling to get up to speed on the latest artificial intelligence developments.