US tech stocks steady after DeepSeek AI app shock

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The story "US tech stocks steady after DeepSeek AI app shock" was covered 2 days ago by BBC Business, a news publisher based in United Kingdom.

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US tech stocks steady after DeepSeek AI app shock - BBC Business

Quick Summary:

DeepSeek's claim that its model was made at a fraction of the cost of its rivals has rocked the AI industry.

To continue their work without steady supplies of imported advanced chips, Chinese AI developers have shared their work with each other and experimented with new approaches to the technology.

Its emergence comes as the US has been warning of a tech race with China, and taking steps to restrict the sale of the advanced chip technology that powers AI to China.