DeepSeek is a new artificial intelligence chatbot that’s sending shock waves through Wall Street, Silicon Valley and Washington. The app, name after the Chinese start-up that built it, rocketed to the top of Apple’s App Store in the United States over the weekend. According to some experts, DeepSeek’s success and a technical paper it published last week suggest that Chinese AI developers can match their U.S. counterparts without the same access to expensive, high-end hardware that is at the heart of geopolitical tensions between Washington and Beijing. President Donald Trump said the app’s success should serve as “a wake-up call” for the U.S. tech sector. Here’s what you should know about the DeepSeek AI assistant app and the company behind it. DeepSeek is a Chinese artificial intelligence start-up founded in 2023 by Liang Wenfeng, co-founder of the hedge fund High-Flyer, which uses AI algorithms to predict market swings. The company claims its AI software is competitive with that made by U.S. tech giants such as OpenAI and Google on a variety of tasks — at a fraction of the cost to develop and run. Consumers are interested in DeepSeek’s technology. Its AI assistant app that was released earlier this month has shot to the top spot in the Apple App Store in the United States and other countries.

Full report : DeepSeek the Chinese AI app which has ousted OpenAI from the top AI app slot is shaking up assumptions about the global AI race.