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DeepSeek is here and China may have a rival for ChatGPT

DeepSeek logo on screen
Developers say the AI assistant matches and even outperforms ChatGPT functions. Photo: Justin Sullivan/Getty Images

Hameed Shuja

4 min read
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The AI assistant has been developed by Chinese developers who shared their work, in an attempt to bypass US ban on AI chips.

Technology investors in the US and Europe woke up to a shock Monday morning, as Wall Street saw shares in US AI firms tumble, triggering sell-offs of more than $1 trillion. The reason: The arrival of DeepSeek, the Chinese AI assistant and chatbot that has taken the AI industry by

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