DeepSeek appears to be twisting the knife. U.S.-based AI stocks took a tumble on Monday following the release of the China-based DeepSeek AI chatbot. The new product from the Chinese tech startup offers a more affordable large language model (LLM),

DeepSeek's new open-source AI model surpassed Stability AI and Microsoft-backed OpenAI's models in benchmarks for image generation, the Chinese startup said in a technical report on Monday.

The artificial intelligence company DeepSeek has released a new set of multimodal AI models, which, as it claims, can outperform DALL-E 3 from OpenAI.

For the last several years, the US has been restricting the export of powerful AI accelerators and chip manufacturing equipment to China. The government hoped this would slow Chin