stock market

China’s DeepSeek AI Causes Market to Tumble – but Analysts Are Skeptical

Chinese AI company DeepSeek has emerged as a potential challenger to U.S. tech giants, demonstrating breakthrough AI models that claim to offer performance comparable to leading offerings at a fraction of the cost. The entire U.S. market is taking a tumble on Monday morning as a result, but many analysts are skeptical of the company’s claims.

China's DeepSeek running on a phone