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.

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.

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

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After DeepSeek AI shocked the world and tanked the market, OpenAI says it has evidence that ChatGPT distillation was used to train the model.

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 AI company DeepSeek has huge success on the Apple App Store: its AI assistant app is the top free app, beating OpenAI's ChatGPT app.

Chinese AI company DeepSeek released an open-source LLM called DeepSeek R1, becoming the buzziest AI chatbot since ChatGPT. It's purportedly just as good — if not better — than OpenAI's models, cheaper to use,

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.

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