Large Western corporations, including British banks HSBC and Standard Chartered, have begun to use artificial intelligence services from Chinese developers, The Wall Street Journal (WSJ) reported.
“The Chinese company DeepSeek's model is generally of the same quality, but 17 times cheaper“, the newspaper quoted Oleg Zankov, co-founder of the Cyprus-based Latenode platform for integrating artificial intelligence into business processes. It is noted that Chinese technology giants, including Alibaba, are promoting the spread of their technologies by releasing open-source artificial intelligence models. This allows third-party developers to freely use and adapt them, accelerating their adoption in the global market.
In April, Chinese technology company Alibaba Cloud, also known as Aliyun, introduced a new open-source artificial intelligence model, Qwen3. According to the developer, it has become the world's most powerful model in its category.