DeepSeek’s AI breakthrough challenges Big Tech with a cheaper, efficient model. This may be bad for the incumbents, but good for everybody else.

Chinese tech startup DeepSeek has come roaring into public view shortly after it released a model of its artificial intelligence service that seemingly is on par with U.S.-based competitors like ChatGPT,

Yet many in Silicon Valley believe the broad sell-off is an overreaction to DeepSeek’s latest model, which they argue could spur wider adoption and utility of AI by radically lowering the technology’s cost,

OpenAI CEO Sam Altman said that it was "invigorating" to have new competition in the AI industry with DeepSeek's emergence.

KEY TAKEAWAYS OpenAI said Wednesday that it is probing whether Chinese artificial intelligence startup DeepSeek improperly used its data to launch the low-cost model that spooked markets Monday.The comment by OpenAI follows a Bloomberg report that both OpenAI and its biggest backer Microsoft are investigating DeepSeek's model.

Liang Wenfeng, the 40-year-old founder of DeepSeek, trained as an engineer and then launched a hedge fund. Now he’s enjoying sudden success with his AI chatbot.

The Chinese artificial intelligence app DeepSeek became the most downloaded free app in the U.S. on Apple’s app store and its low cost claims are putting the pressure on major American tech companies.