The developer of the chatbot that shocked U.S. incumbents had access to Nvidia chips that its parent company providentially acquired just before a 2022 U.S. export ban.

The Commerce Department has launched a probe into whether Chinese artificial intelligence startup DeepSeek obtained restricted Nvidia chips through Singapore, reports say.

The start-up had become a key player in the “Chinese Large-Model Technology Avengers Team” that would counter US AI dominance, said another. China’s delight, however, spelled pain for several giant US technology companies as investors questioned whether DeepSeek’s breakthrough undermined the case for their colossal spending on AI infrastructure.

The Chinese tech company DeepSeek is causing major waves in the AI industry - what are they doing that’s making everyone rethink AI’s future?

News from China upset U.S. markets this week and disrupted the frenzy that had built up around artificial intelligence.