DeepSeek has previewed a new AI model, arguing it “closes the gap” with today’s leading frontier systems. The company says efficiency and performance improve over DeepSeek V3.2 thanks to architectural changes, and that the model nearly matches current top reasoning results across both open and closed models. The preview sets up what could be a serious shift in the race toward stronger reasoning.
Thirteen equity mutual funds failed to beat their respective benchmarks across three years, according to the analysis. The standout concern is downside behavior: several funds recorded down capture ratios above 120, suggesting they fall more than their benchmarks during market declines, pointing to weaker risk management when conditions turn bearish.
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