Launch of DeepSeek's New AI Model Highlights Competitive Landscape -- Market Talk

Dow Jones04-24 16:34

0834 GMT - The launch of DeepSeek's latest artificial-intelligence model highlights the competitive landscape in China, according to Citi analysts in a research note. The launch, along with updates from other Chinese AI players, suggest that it isn't "winner-takes-all" for market leadership, they note. "The technological gap is closing, positioning China's leading models as increasingly viable alternatives to their top-tier global counterparts," they note. This will intensify competition and provide enterprises with a wider array of powerful, cost-effective options, Citi says. Citi maintains its buy rating on Alibaba Group and Tencent Holdings, which are also active AI players. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

April 24, 2026 04:34 ET (08:34 GMT)

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