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China’s DeepSeek AI assistant becomes top free iPhone app as US tech stocks take a hit
Chinese AI assistant DeepSeek has become the top rated free app on Apple's App Store in the US and elsewhere, beating out ChatGPT and other rivals.
The news that DeepSeek topped the App Store charts caused a sharp drop in tech stocks like NVIDIA and ASML this morning. Available on web, app and API, DeepSeek is similar to AI Assistant like ChatGPT with features like coding content creation and research. That forced the company to be more efficient with its AI models, and it has supposedly been able to build and train them at a far lower cost than previously thought possible.
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