Chinese AI startup DeepSeek's release of new AI models spurred a selloff in U.S. tech stocks, but some investors think the competitive concerns may be overblown.

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.

You've probably heard a lot about DeepSeek in the last few days — with the emergence of the AI chatbot triggering a mass sell-off of stocks to the tune of $1 trillion globally (£801m) and prompting fears about freedom of speech in the age of Artificial Intelligence (AI) due to the censorship requirements for Chinese firms.

HONG KONG (AP) — Chinese tech startup DeepSeek ’s new artificial intelligence chatbot has sparked discussions about the competition between China and the U.S. in AI development, with many users flocking to test the rival of OpenAI’s ChatGPT.

DeepSeek's user registrations were halted by a massive cyber attack on the same day its AI app became the most downloaded on Apple's iPhone store.

China’s DeepSeek has unveiled an AI model as advanced as Silicon Valley’s models but at a fraction of the cost. This has impacted global markets, raised concerns about AI regulation, and security risks,