China’s DeepSeek tops iPhone downloads and rocks the AI segment setting off a market rout; will Silicon Valley giants face a similar fate today? Here’s all you need to know

China-based AI company DeepSeek has somehow flustered the artificial intelligence hype in the United States, as its cheaper AI model promises are raising questions about the long-term profitability of AI. The language model by DeepSeek has crossed ChatGPT’s app rating Apple’s App Store recently, which is now putting the AI market into major oblivion.