In fact, this is a shortsighted view that misses the significant benefits that DeepSeek represents for the U.S. economy and for businesses worldwide. What’s exciting is that the

U.S. tech stocks plunged on Monday, amid a wider market sell-off. The culprit: DeepSeek, a Chinese artificial intelligence company that last week introduced a new — and low-cost — model into the red-hot AI tech market.

Move over ChatGPT, there's a new contender to the throne. Chinese startup DeepSeek AI blasted its way to the top of Apple's App Store this week, hammering U.S. tech stocks in the process — and reacting to the news on The Daily Show, Jon Stewart was shocked and appalled.