DeepWho? DeepSeek rolled out even more powerful, cheap AI tech. If you missed it, you're not alone.

Liang Wenfeng, founder of DeepSeek, delivers a speech at an awards ceremony in Shanghai, China.

VCG via Reuters Connect

• DeepSeek's latest and greatest AI model update went largely unnoticed by the tech industry.
• Earlier this year, everyone freaked out about DeepSeek's R1 model, sparking a slump in tech stocks.
• Here's why the industry kinda shrugged this time.

DeepSeek updated its R1 AI model a few days ago. It performs better and it's still cheaper than most other top models.