Chinese startup DeepSeek has debuted an AI app that challenges OpenAI's ChatGPT and other U.S. rivals, sending a shock through Wall Street.
Chinese AI chatbot DeepSeek has displaced OpenAI’s ChatGPT as the most downloaded app on the Apple App store and the market is panicking. Stocks for major AI connected companies like NVIDIA fell on Monday morning following the news.
NVIDIA issues a statement regarding Chinese AI company DeepSeek, after its game-changing AI model, says it's an 'excellent AI advancement'.
DeepSeek’s AI models reportedly rival OpenAI’s for a fraction of the cost and compute.
Released by a Chinese startup of the same name, DeepSeek is a free AI chatbot with ambitions to take on the likes of OpenAI’s ChatGPT. There are also new models with some multim
The DeepSeek chatbot, known as R1, responds to user queries just like its U.S.-based counterparts. Early testing released by DeepSeek suggests that its quality rivals that of other AI products, while the company says it costs less and uses far fewer specialized chips than do its competitors.
DeepSeek AI, favored by investors over ChatGPT, uses rapid advancements with cheaper chips as U.S. tech restrictions fuel China’s AI innovation.
The emergence of China-based AI app DeepSeek sent shares plummeting on Monday for many U.S. tech giants, including chipmaker Nvidia and AI-backer Microsoft.
DeepSeek, a Chinese startup, rocked the AI world after debuting a model that rivaled the capabilities of OpenAI's ChatGPT for a fraction of the price.
In a matter of days, DeepSeek proved to be so popular as to climb to the top of Apple's App Store, surpassing OpenAI's ChatGPT as the most downloaded app. But for owners of Nvidia stock, and stock traders in general, DeepSeek is on track of becoming a black swan — an unexpected event with extreme consequences.
NVIDIA, the world's most valuable company until Monday, lost $600 billion of market value in a single day, the biggest in US stock history.
DeepSeek, the latest alternative to ChatGPT and other AI assistants, recently released a new version that’s causing chaos and confusion across the AI landscape. With reports about DeepSeek’s outstanding performance and power efficiency emerging,