DeepSeek’s latest models, created by a small company with limited resources, are already beating many of the leading AI models in the United States.

DeepSeek is called ‘amazing and impressive’ despite working with less-advanced chips.

Fears that the AI gold rush could be under threat rocked Wall Street on Monday following the emergence of a ChatGPT-like model from China, triggering predictions of turmoil for Silicon Valley and accusations of cheating.

The new startup reportedly developed AI that competes with the best of the best on a shoestring budget, causing a market panic.

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

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,