What is DeepSeek, the Chinese AI company upending the stock market?
CHINA–A Chinese tech startup, DeepSeek, caused a stir in the AI industry with its AI chatbot, leading to debates on U.S.-China competition in AI technology.
DeepSeek’s AI assistant became popular on Apple’s iPhone store, sparking concerns that the Chinese startup has caught up with American companies in generative AI at a lower cost.
However, analysts caution against overhyping DeepSeek’s technological advancements, noting that they are not revolutionary.
The attention on DeepSeek also raises questions about U.S. foreign policy strategies regarding the sale of AI semiconductors to China.
