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Nine months later, Chinese startup DeepSeek turned heads in Silicon Valley with a powerful new AI model. Hope began to take hold. “China finally has a model it can be proud of,” Premier Li Qiang told officials, according to people familiar with the comment. The optimism catalyzed China’s tech industry, unleashed an even bigger geyser of government support and jolted American competition into overdrive. The escalating AI race is drawing comparisons with the Cold War, and the great scientific and technological clashes that characterized it. It is likely to be at least as consequential. The contest is already helping underpin…
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