As of this morning, DeepSeek had overtaken ChatGPT as the top free application on Apple’s mobile-app store in the U.S. Researchers, executives, and investors have been heaping on praise. The new DeepSeek model “is one of the most amazing and impressive breakthroughs I’ve ever seen,

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 comparable performance to the world’s best chatbots at seemingly a fraction of their development cost.

A new and largely unknown Chinese AI system called DeepSeek has rocked the tech industry and global markets.Tech shares plunged and chip maker Nvidia suffered falls of nearly 17 per cent on Monday, as President Donald Trump warned DeepSeek’s emergence was a “wake up call” for existing AI giants.