According to a paper authored by the lab, the DeepSeek-R1 model outperforms cutting-edge models such as OpenAI’s o1 and Meta’s Llama AI models across multiple benchmarks.

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.

As DeepSeek rattles Nvidia and other AI names, ServiceNow stock holds strong near a breakout with earnings due.

Nvidia (NASDAQ:NVDA) lost a record $560B in value Monday as it was among tech stocks that dropped after Chinese startup DeepSeek last week unveiled its large language model, which seemed to give its American counterparts a run for their money.