DeepSeek's sudden rise sends shockwaves through AI sector

Chinese AI startup DeepSeek is rewriting the narrative that the AI industry needs more money and more power, by claiming to have built its base model for less than $6 million. It sparked a global sell-off that saw Nvidia shares tumble 17 percent on Monday. US President Donald Trump is calling it a "wake-up call" for the US tech industry, while OpenAI's Sam Altman says it's "invigorating to have a new competitor." But questions still remain as to how serious a threat DeepSeek will be to US companies. We take a closer look.

DeepSeek's sudden rise sends shockwaves through AI sector
Chinese AI startup DeepSeek is rewriting the narrative that the AI industry needs more money and more power, by claiming to have built its base model for less than $6 million. It sparked a global sell-off that saw Nvidia shares tumble 17 percent on Monday. US President Donald Trump is calling it a "wake-up call" for the US tech industry, while OpenAI's Sam Altman says it's "invigorating to have a new competitor." But questions still remain as to how serious a threat DeepSeek will be to US companies. We take a closer look.

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