Chinese AI DeepSeek Deep-Sixes OpenAI on the App Store, Stocks Tank
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.
DeepSeek’s AI models reportedly rival OpenAI’s for a fraction of the cost and compute.
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 year-old Chinese startup, has achieved the number one spot on the App Store, outpacing ChatGPT. With a focus on ...
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