DeepNVMe has been updated to enhance I/O performance in deep learning applications by improving checkpointing with FastPersist and model inference with ZeRO-Inference. These advancements include support for CPU-only environments, offset-based I/O operations, and tensor data type casting, along with significant speedups facilitated by Gen5 NVMe SSDs. The updates aim to democratize access to large models and optimize I/O-bound workloads for various users.