China’s DeepSeek Says Its Hit AI Model Cost Just $294,000 To Train

Chinese AI developer DeepSeek said it spent $294,000 on training its R1 model, much lower than figures reported for U.S. rivals, in a paper that is likely to reignite debate over Beijing’s place in the race to develop artificial intelligence. Reuters: The rare update from the Hangzhou-based company — the first estimate it has released of R1’s training costs — appeared in a peer-reviewed article in the academic journal Nature published on Wednesday.

DeepSeek’s release of…