The economist adds that some observers contend that "there's no way the advanced technology was built so fast alongside such a modest figure." Nevertheless, the idea that DeepSeek

News from China upset U.S. markets Monday and disrupted the frenzy that had built up around artificial intelligence.

Wall Street had a shock to the system on concerns that a cheap artificial intelligence-model from Chinese startup DeepSeek could make valuations that have powered the bull market tough to justify. From New York to London and Tokyo,