The Morning After: The Chinese AI assistant sending shockwaves through US rivals

Obsessed with throwing money and resources at AI in any way they can, the likes of OpenAI, NVIDIA, Google and Amazon all just got a surprise. Out of seemingly nowhere, Chinese AI assistant DeepSeek is suddenly the top-rated free app on Apple's App Store in the US and elsewhere, beating more familiar names, like ChatGPT. The open-source DeepSeek V3 model reportedly requires far less computing power than its competitors and, depending on who you believe, was developed for under 6 million. Shocks all around -- especially for OpenAI and all the billions it has floating around. Focusing on coding and research, DeepSeek's models are similar to other AI assistants you've heard of.