DeepSeek，突传大消息！高盛发声！

Core Viewpoint - DeepSeek has announced the completion of a minor version upgrade for its V3 model, now known as DeepSeek-V3-0324, which has shown significant improvements in various capabilities, making it the highest-scoring non-inference model according to recent evaluations [1][2]. Group 1: DeepSeek V3 Model Upgrade - The new version DeepSeek-V3-0324 features enhancements in reasoning, front-end development, Chinese writing, and Chinese search capabilities [1]. - The model's performance in reasoning tasks has improved significantly, surpassing GPT-4.5 in evaluations related to mathematics and coding [2]. - The model retains the same base as its predecessor but has improved post-training methods, with approximately 660 billion parameters and a context length of 128K for the open-source version [2][3]. Group 2: Competitive Landscape - On the same day, OpenAI announced the launch of the GPT-4o image generation feature, integrating advanced capabilities into its model [4]. - Google released the Gemini 2.5 series, with the Pro Experimental version achieving the highest score in the large model arena, outperforming GPT-4.5 by 40 points [5]. - Gemini 2.5 Pro supports a context window of up to 1 million tokens and is set to double this capacity in future releases, showcasing significant advancements in reasoning and performance metrics [5]. Group 3: Market Implications - Following DeepSeek's upgrade, Tencent has also integrated the latest models, indicating a competitive response in the AI sector [6]. - Goldman Sachs predicts that the ongoing AI developments could lead to a 2.5% annual increase in earnings per share for Chinese companies over the next decade, with potential inflows exceeding $200 billion into investment portfolios [6].