Chinese AI Startup DeepSeek Overtakes ChatGPT on the App Store

The Breakthrough: DeepSeek's AI model has surged to the top of the App Store charts, matching OpenAI's performance at a fraction of the cost. This accomplishment was made possible by optimizing training on less advanced hardware, overcoming US chip restrictions. Market Impact: The achievement has sent shockwaves through Asian tech markets, leading to a decline in semiconductor stocks and sparking debates on the relevance of costly AI infrastructure. This development poses a potential threat to Nvidia's market dominance.