Beijing embraces DeepSeek to lead AI adoption as it looks for new growth drivers
HONG KONG, CHINA - JANUARY 28: In this photo illustration, the DeepSeek apps is seen on a phone in front of a flag of China on January 28, 2025 in Hong Kong, China. DeepSeek's sudden splash in the large language model space has given China a powerful tool to catalyze artificial-intelligence adoption in the country and boost economic growth. While Goldman Sachs pegs a 20-basis-point to 30-basis-point boost to China's GDP over the long term — by 2030 — it expects the country's economy to start r