D-St indices fall 1% after Chinese co’s latest AI model threatens tech world order

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US tech stocks tanked on concerns over DeepSeek’s latest R1 release, considered stiff competition for OpenAI’s ChatGPT, Google Gemini, Claude and others. According to some reports, DeepSeek has overtaken ChatGPT and others as the top-rated free app on the Apple Store in the US, UK and China.

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