Chinese AI startup DeepSeek has taken the tech world by storm with its cost-effective, high-performance chatbot, which was developed for under $6 million—far less than the billions spent by US tech giants like OpenAI.

There's a new entrant in the Artificial Intelligence chatbot market from China. It is competing with giants like OpenAI, Gemini, ClaudeAI, etc. disrupting the American hegemony in AI-based generative chatbot models.

OpenAI CEO and co-founder Sam Altman called Chinese artificial intelligence startup DeepSeek “impressive,” while shrugging off concerns the startup could threaten OpenAI’s standing. “deepseek’s r1 is an impressive model,