Earlier this week, many technology stocks sold off sharply on news of DeepSeek R1, the groundbreaking, low-cost AI model from China that materially lowered the cost of deploying AI. Amazon (NASDAQ: AMZN) founder Jeff Bezos once said,

Chinese AI company DeepSeek says its DeepSeek R1 model is as good, or better than OpenAI's new o1 says CEO: powered by 50,000 NVIDIA H100 AI GPUs.

DeepSeek's innovative techniques, cost-efficient solutions and optimization strategies have forced established players to re-evaluate their approaches.

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE:BABA) released a new version Wednesday of its Qwen large language model, known as Qwen2.5 Max, which it said topped DeepSeek's AI model across various benchmarks.

Explore the top 10 tech companies worldwide based on their market capitalisation and other key details. Know more about each company and their role

Timothy Arcuri, an analyst at UBS, said: “The sheer magnitude of the moves in stocks like Nvidia, Broadcom and Marvell [on Monday] strike us as overdone and may generally look like a buying opportunity in hindsight once the dust settles.”

DeepSeek-R1, the latest in a series of models developed with fewer chips and at low cost, is challenging the dominance of OpenAI, Google, and Meta. View on euronews

DeepSeek has delighted the Chinese internet ahead of Lunar New Year, the country's biggest holiday. It's good news for a beleaguered economy and a tech industry that is bracing for further tariffs and the possible sale of TikTok's US business.

Stocks rise on bets investors will look for cheaper options after DeepSeek’s popular low-cost AI model sparked a US$1 trillion tech rout.

We explain how China’s start-up DeepSeek has made significant strides in the global AI race with its resource-efficient, open-source models.

DeepSeek, a Chinese artificial intelligence (AI) startup, is the new revolutionary force in the global AI industry.