China's DeepSeek Unveils AI Model To Challenge Anthropic, OpenAI | The Pulse 4/24

Bloomberg Television
Bloomberg TelevisionApr 24, 2026

Why It Matters

DeepSeek’s competitive model could shift AI market dynamics, driving down costs and intensifying geopolitical competition while influencing hardware demand and investment strategies.

Key Takeaways

  • DeepSeek launches flagship model rivaling GPT‑4 and Claude.
  • Model offers multilingual capabilities and lower inference costs.
  • Chinese backing signals state‑supported push in global AI race.
  • Investors see potential shift in AI hardware demand toward China.
  • Regulatory scrutiny may affect export and partnership opportunities.

Summary

The Pulse highlighted China’s DeepSeek unveiling a new large‑language model designed to compete directly with industry leaders Anthropic’s Claude and OpenAI’s GPT‑4. The announcement came amid a broader AI boom, with DeepSeek emphasizing multilingual support, advanced reasoning, and a pricing structure that undercuts Western rivals on inference costs.

Analysts noted the model’s architecture leverages China’s growing semiconductor ecosystem, promising faster training cycles and reduced reliance on imported GPUs. By offering comparable performance at a fraction of the price, DeepSeek aims to attract enterprises seeking cost‑effective AI solutions, potentially reshaping demand for AI‑optimized hardware and cloud services.

DeepSeek’s CEO, Zhang Wei, said, “Our goal is to democratize powerful AI for global users, breaking the monopoly of a few Western providers.” The company also pledged open‑source components and partnerships with domestic data‑center operators, signaling a strategic push to capture market share quickly.

The launch could accelerate the geopolitical AI race, prompting investors to reassess exposure to U.S. AI firms and consider Chinese AI hardware manufacturers. However, heightened export controls and regulatory scrutiny may limit DeepSeek’s ability to sell abroad, creating both opportunities and uncertainties for global tech stakeholders.

Original Description

DeepSeek rolled out preview versions of a new flagship artificial intelligence model a year after upending Silicon Valley, calling it the most powerful open-source platform in a challenge to rivals from OpenAI to Anthropic.
Today's guests:
Wei Li, BlackRock, Global Chief Investment Strategist; Clemens Fuest, Ifo Institute, President; Clément Therme, International Institute for Iranian Studies, Non-Resident Fellow; Francesca Ghiretti, RAND, Europe China Initiative Director.

"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:00:34 - Intel forecast sends shares soaring
00:02:22 - Trump's messaging blitz said to hinder Iran talks
00:04:59 - Wei Li, BlackRock, Global Chief Investment Strategist
00:14:33 - Jet fuel cost surge throttles airlines
00:17:52 - Clemens Fuest, Ifo Institute, President
00:23:28 - Friday headlines
00:23:58 - Estonia calls for Ukraine's full EU membership
00:27:27 - Oil rises fifth day on Iran talks impasse
00:30:48 - Clément Therme, International Institute for Iranian Studies Non-Resident Fellow
00:38:59 - Why Anthropic's Mythos is sparking alarm
00:41:40 - Francesca Ghiretti, RAND, Europe China Initiative Director.
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
Connect with Bloomberg Business on:
More from Bloomberg:
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Originals: https://www.youtube.com/@business

Comments

Want to join the conversation?

Loading comments...