SAN ANSELMO, CALIFORNIA – JANUARY 27: Newly launched Chinese AI app DeepSeek has surged to number one in Apple’s App Store and has triggered a sell-off of U.S. tech stocks over concerns that Chinese companies’ AI advances could threaten the bottom line of tech giants in the United States and Europe. (Photo Illustration by Justin Sullivan/Getty Images) Justin Sullivan/Getty Images
On Monday, the stock market went into a tizzy over a new AI model from Chinese company DeepSeek. It seemed to be just as