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.

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

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.

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.

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, 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.

A Chinese AI chatbot has made waves recently, and it's now passed ChatGPT to become the top free app on the US App Store.

The US Commerce Department is looking into whether DeepSeek - the Chinese company whose AI model's performance rocked the tech world - has been using US chips that are not allowed to be shipped to China,

Reuters.com is your online source for the latest news stories and current events, ensuring our readers up to date with any breaking news developments