With an actual open source model, China's AI leader just whupped America's AI leader. Can Sam Altman fight back?

Nvidia's market value dropped more than $500bn after the emergence of DeepSeek - a low-cost chatbot built by a Chinese AI firm.

DeepSeek was reportedly developed in just two months at a cost of under $6 million — a stark contrast to the billions typically spent by US giants.

DeepSeek recently announced that it has temporarily capped user registrations due to "large-scale malicious attacks” on its services. However, existing users can continue to leverage the tool's capabilities without interruptions.

OpenAI CEO Sam Altman envisions a future where artificial intelligence (AI) surpasses human intelligence and becomes a fundamental part of daily life. Speaking on the "Re:Thinking" podcast, he discussed AI's impact on jobs and the economy,

Nvidia's market value dropped more than $500bn after the emergence of DeepSeek - a low-cost chatbot built by a Chinese AI firm.

NVIDIA shares dropped 12% in pre-market trading as the world was captivated by AI models from the Chinese startup DeepSeek.

Elon Musk has questioned the microchip claims made by DeepSeek AI, a fast-emerging player in the artificial intelligence pool, which is starting to challenge the United States' control over the AI industry. Newsweek has reached out to DeepSeek via email and Musk via X's press department for comment.

DeepSeek, a Chinese startup that's throwing tech valuations into chaos and challenging U.S. dominance in the field with an open-source model that they say they developed for a fraction of the cost of competitors.

OpenAI CEO Sam Altman has broken his silence on the Chinese startup DeepSeek that sent shockwaves through Silicon Valley when it released its AI model R1.

Trump calls Chinese startup DeepSeek's cheaper AI methods "a positive," as U.S. tech stocks plunge amid market sell-off.