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International Business Times
International Business Times
Business

Silicon Valley Rattled By Low-cost Chinese AI

Silicon Valley Nvidia United States DeepSeek Donald Trump China Satya Nadella Gold Meta Microsoft
Chinese firm DeepSeek's artificial intelligence chatbot has soared to the top of the Apple US App Store's download charts, stunning industry insiders and analysts with its ability to match its US competitors (Credit: AFP)

Fears that the AI gold rush could be under threat rocked Wall Street on Monday following the emergence of a ChatGPT-like model from China, triggering predictions of turmoil for Silicon Valley and accusations of cheating.

Last week's release of the latest DeepSeek model initially received limited attention, overshadowed by the inauguration of US President Donald Trump that took place the same day.

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