DeepSeek, an artificial intelligence (AI) research lab in China, has cracked the ‘holy grail of AI models’ by achieving performance at par with the world’s best chatbots at a fraction of the cost. Last week,

AI industry in panic after China’s DeepSeek overtakes ChatGPT and Meta - DeepSeek-R1 marks ‘historic pivot in the balance of technological power’

So, what is DeepSeek? It’s a very good model and chatbot, in the same general category as ChatGPT’s top available model, o1. These models rely on “reasoning.” For example, I asked R1 about one endless debate: “At their peaks,

The S&P 500 fell 1.8% in early trading on Monday, while major tech and AI-related stocks were also down, including Nvidia, which fell more than 10%, while Microsoft, Meta, Google parent firm Alphabet