What Is DeepSeek? Chinese AI App Shaking Up the Stock Market [Video]

The Chinese AI app DeepSeek has shaken up U.S. stock markets, causing a sell-off in major tech stocks and sparking concerns about the future of America’s dominance in AI.

The app’s developers claim to have built the model for a fraction of the cost of other AI giants, prompting skepticism in Silicon Valley.

OpenAI, the creator of ChatGPT, reportedly spent $5 billion last year, DeepSeek’s developers claim they created their latest model for just $5.6 million.

This represents a fraction of the budget AI giants like OpenAI, Google, and Anthropic typically use to develop their advanced models.

DeepSeek’s emergence has challenged long-held assumptions about the cost and development of AI, causing uncertainty in the sector.

The app’s sudden arrival has been seen as a “flex” by China and a “black eye for US tech,” prompting a reevaluation of America’s position in the AI race.

What is DeepSeek?

DeepSeek is a free AI chatbot that works much …