Fears of upheaval in the artificial intelligence gold rush rocked Wall Street on Monday following the emergence of a popular ChatGPT-like model from China, with US President Donald Trump saying it was a “wake-up call” for Silicon Valley.

The emergence of the low-cost Chinese model has sent waves rippling across the AI industry. Read more at straitstimes.com.

Elon Musk, who has invested heavily in Nvidia chips for his xAI company's supercluster, suspects DeepSeek of secretly accessing banned H100 chips -- an accusation also made by the CEO of ScaleAI, a prominent Silicon Valley startup backed by Amazon and Meta.

DeepSeek’s latest models, created by a small company with limited resources, are already beating many of the leading AI models in the United States.

SINGAPORE—A Chinese artificial-intelligence company has Silicon Valley marveling at how its programmers nearly matched American rivals despite using inferior chips. AI models from DeepSeek, the Chinese company,