The shock entrance of DeepSeek in the race to develop advanced artificial intelligence has put the world on notice as to China's innovation prowess, a high-ranking Beijing official said Thursday.

The startup released a new version of its AI chatbot in January, sending shockwaves across global markets.

DeepSeek wowed industry insiders with its apparent ability to rival or even surpass the capabilities of Western competitors like ChatGPT at a fraction of the cost.

"DeepSeek has stood out in the........

© International Business Times