Chinese AI company DeepSeek released an upgraded version of its flagship V3 model optimized for Chinese-made chips and improved processing speeds. This upgrade reflects China’s push for domestic alternatives to U.S. tech amid export restrictions. The new V3.1 model adopts the UE8M0 FP8 format for greater efficiency and allows users to switch between reasoning and non-reasoning modes. DeepSeek plans new API pricing from September 6 and emphasizes compatibility with next-generation Chinese hardware.
