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AI News from ET - China's DeepSeek says its hit AI model cost just $294,000 to train

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Chinese AI firm DeepSeek revealed its R1 model was trained for just $294,000 using 512 Nvidia H800 chips, far below US rivals’ costs. The disclosure revives debates on China’s AI progress, export restrictions, and transparency, with skepticism over DeepSeek’s true access to banned Nvidia hardware.

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