While Monday's tech stock sell-off was blamed on China's DeepSeek AI app, Apple's shares rose for specific reasons.
The Chinese artificial intelligence model’s innovative design allows it to outperform other popular models at significantly lower costs.
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News from China upset U.S. markets Monday and disrupted the frenzy that had built up around artificial intelligence.
Released last week, the DeepSeek app raced to the top of Apple’s App Store charts in multiple countries, including the US.