May 29, 2025 6:22 AM Credit: VentureBeat made with Midjourney Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More The whale has returned. After rocking the global AI and business community early this year with the January 20 initial release of its hit open source reasoning AI model R1, the Chinese startup DeepSeek — a spinoff of formerly only locally well-known Hong Kong quantitative analysis firm High-Flyer Capital Manag...