Chinese startup’s $6m product raises doubts about sustainability of western artificial intelligence boom
Global technology shares have taken a hit as the emergence of a Chinese chatbot competitor to OpenAI’s ChatGPT, DeepSeek, raised doubts about the sustainability of the US artificial intelligence boom.
Shares in companies listed in Asia and Europe fell on Monday and the tech-heavy Nasdaq index in New York was poised to open lower after investors digested the implications of AI models developed by the startup DeepSeek.