DeepSeek, a Hangzhou-based startup founded in 2023, shot to the top of Apple’s App Store free app chart after releasing a new open-source AI model it says rivals OpenAI's work. Its website was hit by outages amid a spike in interest.

The Chinese artificial intelligence firm DeepSeek has rattled markets with claims its latest AI model performs on a par with those of OpenAI, despite using less advanced, more energy efficient computer chips.

The little-known artificial intelligence firm has emphasized research, even as it emerged as the brainchild of a hedge fund.

A new and largely unknown Chinese AI system called DeepSeek has rocked the tech industry and global markets.Tech shares plunged and chip maker Nvidia suffered falls of nearly 17 per cent on Monday, as President Donald Trump warned DeepSeek’s emergence was a “wake up call” for existing AI giants.

Chinese tech startup DeepSeek said it was hit by a cyber attack on Monday that disrupted users’ ability to register on the site.

DeepSeek, a Chinese startup founded in 2023, has rapidly emerged as a disruptive force in the global generative AI industry with･･･