DeepSeek's ability to build powerful models more efficiently has put a giant question mark over the US tech industry's approach to AI

President Donald Trump said Monday that the sudden rise of Chinese AI app DeepSeek “should be a wake-up call” for America’s tech companies.

DeepSeek released an open-source artificial intelligence model in December, saying it took only two months and less than $6 million to create it.

Technology shares around the world slid on Monday as a surge in popularity of a Chinese discount artificial intelligence model shook investors' faith in the AI sector's voracious demand for high-tech chips.

The surge in popularity of Chinese artificial intelligence (AI) app DeepSeek has sparked a selloff of shares in major tech companies after it overtook rivals such as ChatGPT to become the top-rated free app on Apple's App Store.

News from China upset U.S. markets Monday and disrupted the frenzy that had built up around artificial intelligence.

As of this morning, DeepSeek had overtaken ChatGPT as the top free application on Apple’s mobile-app store in the U.S. Researchers, executives, and investors have been heaping on praise. The new DeepSeek model “is one of the most amazing and impressive breakthroughs I’ve ever seen,

The Chinese upstart says it has trained high-performing AI models cheaply, without using the most advanced chips.