Saritha Rai

By making AI cheaper and less power-hungry, DeepSeek has put the technology within reach of millions of people.

Artificial intelligence companies like OpenAI have been quick to unveil plans for spending hundreds of billions of dollars on data centers, but they have been slower to show how they will pull in revenue to cover all those expenses. Now, the consulting firm Bain & Co. is estimating the shortfall could be far larger than previously understood.

Despite a late foray into the brain technology industry, Chinese startups have made rapid strides in recent years to challenge US companies.

Anthropic is blocking its services from Chinese-controlled companies, saying it’s taking steps to prevent a US adversary from advancing in AI and threatening American national security.

DeepSeek is developing an artificial intelligence model with more advanced AI agent features to compete with US rivals like OpenAI in a newer frontier of the technology, according to people familiar with the matter.

Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Saritha Rai reports on the emergence of Hangzhou as China’s newest AI hub.

Fractal Analytics, a provider of artificial intelligence and analytics services, filed for an initial public offering in Mumbai that could value the company at more than $3.5 billion.

A Malaysian company has designed an AI large language model for Muslims based on open-source AI knowhow from China’s DeepSeek, one of the latest efforts to target a market of some 2 billion people.

The technology, the state, the strategy and the money: Here’s how the two economic superpowers are vying for AI domination.

Emmvee Photovoltaic Power has submitted a draft prospectus with India’s markets regulator seeking to raise funds via an initial public offering.