China’s DeepSeek hits #1 on App Store, shocks AI researchers, sends US tech shares tumbling
China’s DeepSeek – an AI chatbot intended to rival ChatGPT – is currently the number one download in the App Store, after its performance took US companies by surprise.
The Chinese startup appears to be rivalling the performance of OpenAI’s ChatGPT despite having cost far less to develop, and that’s hitting the market valuations of major US AI players …
