Voice of America News reports: “Encouraged by the enthusiastic reception to its DeepSeek artificial intelligence platform in January, China’s leaders are going all out to encourage AI companies to harness the power of this technology to compete with the United States and other countries in business and military spheres.

China considers AI an important tool to handle U.S. restrictions on Chinese business, particularly after DeepSeek shook up Wall Street, resulting in a loss of $589 billion for Nvidia stockholders in late January.

‘The government in China works directly with the private sector and universities in the advancement and deployment of AI technology and are reducing their dependence on imports of high-technology products,’ said Lourdes Casanova, director of Cornell University’s Emerging Markets Institute.

The past few weeks have seen China rolling out several new AI models, including Manus, which experts say can rival the latest model of ChatGPT. Industry experts were more than surprised to find that DeepSeek was equally efficient as ChatGPT, though it used older generation Nvidia chips. The U.S. has banned the supply of advanced chips…”