Scientists are flocking to DeepSeek-R1, a cheap and powerful artificial intelligence (AI) ‘reasoning’ model that sent the US stock market spiralling after it was released by a Chinese firm last week.

When DeepSeek released its R1 claiming it had achieved its generative AI large language model for just $6 million, the billions being spent by U.S. AI market leaders including Microsoft-funded OpenAI ...

OpenAI is reportedly raising more money at an even higher valuation of $300 billion, but fears of a bubble in big tech stocks based on gen AI euphoria have dented the market leaders. The emergence of ...