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.

Former OpenAI board member Helen Toner claims despite DeepSeek's recent success in AI, it's not leading the pack. However, if President Trump revokes the NVIDIA AI chip exportation ban, it would be a huge win for China.

The Chinese firm said training the model cost just $5.6 million. Microsoft alleges DeepSeek ‘distilled’ OpenAI’s work.

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.

OpenAI is in talks to raise up to $40 billion in a funding round that would lift the artificial intelligence company's valuation to as high as $340 billion, CNBC has confirmed.

Just a few days after China's AI startup DeepSeek launched its latest reasoning model, DeepSeek R1, the company's iOS app surged to the top of Apple's App Store, leaving OpenAI's ChatGPT in second place.

DeepSeek AI, favored by investors over ChatGPT, uses rapid advancements with cheaper chips as U.S. tech restrictions fuel China’s AI innovation.

DeepSeek, a Chinese AI start-up, has taken the tech world by storm. Its app, powered by the company's new reasoning model, R1, has quickly captured the attention of users and industry experts alike. Within days of its release, the app topped Apple's top free apps chart in China, showcasing the immense interest.

Chinese startup DeepSeek has debuted an AI app that challenges OpenAI's ChatGPT and other U.S. rivals, sending a shock through Wall Street.

The buzz around Chinese AI startup DeepSeek began picking up steam earlier this month, when the startup released R1, its model that rivals OpenAI’s o1.

Chinese start-up DeepSeek created a cost-efficient and powerful artificial intelligence model that appears to rival U.S. programs.

Earlier this week, almost overnight, the American tech industry entered a full-on panic. The latest version of DeepSeek, an AI model from a Chinese start-up of the same name, appeared to equal OpenAI’s most advanced program, o1. On Monday, DeepSeek overtook ChatGPT as the No. 1 free app on Apple’s mobile-app store in the United States.