Did the upstart Chinese tech company DeepSeek copy ChatGPT to make the artificial intelligence technology that shook Wall Street this week?

President Donald Trump has responded to the rapid rise of the Chinese startup DeepSeek, whose recently released AI model has him and his Silicon Valley pals looking like a bunch of chumps. Trump's take was surprisingly measured,

Chinese artificial intelligence company DeepSeek developed its new models that have taken the world by storm by training them on content from OpenAI, President Trump’s AI czar David Sacks said Tuesday.

DeepSeek is causing havoc throughout the AI industry. U.S.-based tech companies that have heavily invested in AI saw their stocks take a tumble this week after the China-based startup released a new AI model on par with OpenAI's latest model, yet much cheaper to train — plus, DeepSeek made it free and open source.

David Sacks says OpenAI has evidence that Chinese company DeepSeek used a technique called "distillation" to build a rival model.

Silicon Valley and Washington leaders said the app shows China can challenge the U.S. The Nasdaq lost 3 percent and chipmaker Nvidia shed $589 billion in market capitalization.

These days, nothing is certain about the tech market or the world at large. Even Nvidia's seemingly bulletproof stock took a hammering on Monday, enduring

President Donald Trump said DeepSeek’s AI advances should be a “wake-up call” for the U.S.