U.S. tech stocks tumbled Monday after a small Chinese artificial intelligence startup said it can compete with the likes of ChatGPT and other U.S.-based AI models at a fraction of the cost.

Bloomberg / Contributor / Getty Images U.S. AI stocks sold off Monday as an app from Chinese AI startup DeepSeek dethroned OpenAI's as the most-downloaded free app in the U.S. on Apple.

It’s called DeepSeek R1, and it’s rattling nerves on Wall Street. The new AI model was developed by DeepSeek, a startup that was born just a year ago and has somehow managed a breakthrough ...

A fast growing startup is an exhilarating experience for the venture’s founders. Customers are queuing to sign up, revenue is rising, and it feels like you’ve cracked the secret code to success.

The latest artificial intelligence (AI) models launched by Chinese startup DeepSeek have spurred turmoil in the technology sector following its emergence as a potential rival to leading U.S.-based ...

(Bloomberg) -- DeepSeek, a Chinese artificial-intelligence startup that’s just over a year old, has stirred awe and consternation in Silicon Valley after demonstrating AI models that offer ...