Chinese AI startup DeepSeek has released an upgraded AI model called V3-0324 to Hugging Face.DeepSeek's new model, V3-0324, offers improved reasoning and coding abilities compared to its predecessors.The company claims that their AI models can compete with or surpass those of American AI developers like OpenAI and Anthropic.DeepSeek's models run at a significantly lower cost compared to its competitors, making them appealing for businesses in the AI space.