Chinese artificial intelligence (AI) startup DeepSeek is stirring up anxiety in Silicon Valley after launching a new AI model that appears to rival leading AI ventures in the U.S. for a fraction

The AI community is rightfully buzzing about the new model DeepSeek R1 and is racing to digest what it means. Created by DeepSeek, a Chinese AI startup that emerged from the High-Flyer hedge fund, their flagship model shows performance comparable to models in OpenAI’s o1 series on key reasoning benchmarks,

DeepSeek R1 is the latest Chinese AI model threatening American dominance of the sector. The new model performs close to the level of OpenAI’s o1

DeepSeek stunned the tech world with the release of its R1 "reasoning" model, matching or exceeding OpenAI's reasoning model for a fraction of the cost.

Nasdaq posted its biggest one-day percentage drop since Dec. 18 on Monday as a low-cost Chinese artificial intelligence model prompted a steep selloff in U.S. chipmakers. AI leader Nvidia sank 17%, and it erased about $593 billion in stock market value,