What is DeepSeek, and why did the AI startup cause US tech stocks to fall?

What is DeepSeek, and why did the AI startup cause US tech stocks to fall?

Source: ABC News

DeepSeek's AI assistant — a direct competitor to ChatGPT — has become the number one downloaded free app on Apple's App Store, with some worrying the Chinese startup has disrupted the US market.

A frenzy over an artificial intelligence (AI) chatbot made by Chinese tech startup DeepSeek has up-ended US stock markets and fuelled a debate over the economic and geopolitical competition between the US and China.
DeepSeek's AI assistant became the… [4606 chars]

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