DeepSeek: The AI software from China that's making waves

A Chinese-made artificial intelligence (AI) model dubbed DeepSeek has risen to the top of Apple Store downloads, surprising investors and lowering several tech companies.

Its most recent version was released on January 20, quickly impressing AI experts before capturing the attention of the entire tech industry—and the world.

US President Donald Trump called it a "wake-up call" for US businesses to focus on "competing to win."

What distinguishes DeepSeek is the company's assertion that it was constructed for a fraction of the cost of industry-leading models such as OpenAI, thanks to the usage of fewer powerful chips.

That potential caused semiconductor firm Nvidia to lose about $600 billion (£482 billion) in market value on Monday, the largest one-day loss in US history.

DeepSeek also raises concerns about Washington's efforts to limit Beijing's push for technological dominance, considering that one of its primary constraints has been a ban on advanced semiconductor exports to China.

However, Beijing has doubled down, with President Xi Jinping making AI a primary priority. And start-ups like DeepSeek are critical as China shifts from traditional manufacturing (clothing and furniture) to advanced technology (electronics, electric vehicles, and AI).

So, what do we know about DeepSeek?

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