The developer of the chatbox that shocked U.S. incumbents had access to Nvidia chips that its parent company providentially acquired just before a 2022 U.S. export ban.

The emergence of DeepSeek came shortly after President Trump unveiled his "Stargate" project to invest $500bn in advancing AI.

Less than a week after the new artificial intelligence platform DeepSeek sent investors spiraling in the United States, another AI model has popped up in China, claiming to be even better.

OpenAI has raised alarms about its Chinese competitor, DeepSeek, suggesting that the company may have "inappropriately" used its data to develop its own artificial intelligence chatbot. The claim comes after DeepSeek released a highly effective and low-cost Large Language Model (LLM) on Monday,