DeepSeek’s AI success has India staring at a big question – Can it catch up?

China’s rise as a leading developer of AI foundation models is being marked by the emergence of DeepSeek, which has positioned the nation as a contender in the global race for large language models (LLMs). Known as the “factory of the world,” China now aims to become the world’s LLM hub, producing advanced AI models at significantly lower costs than in Western nations.