So much for the quiet pre-holiday trading session as Asian equities were mixed though Australia was closed for Australia Day, Indonesia was closed for Al Isra’ wal-Mi’raj, South Korea was closed for the Korean New Year,

DeepSeek topped the Apple App Store over the weekend, and R1 had already cracked the top 10 of the UC Berkeley leader board Chatbot Arena, a ranking of the top-performing AI assis

A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between the U.

Global investors are worried the emergence of a low-cost Chinese AI model will threaten the dominance of AI leaders.

Liang Wenfeng, the 40-year-old founder of DeepSeek, trained as an engineer and then launched a hedge fund. Now he’s enjoying sudden success with his AI chatbot.

Chinese tech startup DeepSeek released a model of its AI service that seemingly is on-par with U.S.-based competitors like ChatGPT, but required far-less computing power.

The little-known artificial intelligence firm has emphasized research, even as it emerged as the brainchild of a hedge fund.