Chinese AI lab DeepSeek‘s Android app has taken the No. 1 spot on the Google Play Store, mere days after the company’s chatbot app clinched the top spot on the Apple App Store. According to app analytics firm AppFigures, since its launch in mid-January, the DeepSeek app has been downloaded over 1.2 million times on the Play Store and over 1.9 million times on the App Store across the world. Notably, the actual number of installs could be higher as DeepSeek has a label indicating over 5 million downloads on...

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi , an equities reporter in Mumbai. Indian stocks are set for a subdued start, with Nifty futures trailing regional peers. Wall Street’s tech-led rebound may offer some relief, as traders seek out local AI-related winners. Bank stocks will remain in focus following Tuesday’s rally, fueled by RBI’s liquidity-boosting measures. Key quarterly results today include those of Maruti Suzuki,...

OpenAI CEO Sam Altman said his company will launch some products a little earlier than planned. (Aaron Schwartz - Pool via CNP/Zuma Press) This week, Silicon Valley leaders confronted their first serious AI rival from China: DeepSeek. OpenAI chief executive Sam Altman, sensing the heat, said his company will launch some products a little earlier than planned. Other industry leaders said it validated the worth of open-source models at a time when companies have been growing more secretive. But most tech leaders, especially those who build services on top of...

This story incorporates reporting from decrypt, Business Insider, gadgets360 and The Gazette. DeepSeek, a China-based artificial intelligence lab, has once again raised industry standards with the release of its latest image generation model, Janus Pro. The company claims that this new model surpasses leading names like OpenAI’s DALL-E 3 in multiple benchmarks. Released as open-source with a permissive license, Janus Pro allows for both academic and commercial use worldwide.

For the past few days, the tech industry has fully embraced its inner Jan Brady — it’s all about DeepSeek, DeepSeek, DeepSeek. But what does that actually mean for you? In the short term, at least, you’ve got at least one more buzzy AI chatbot to talk to — or ignore entirely. But the eruption of this Chinese start-up onto the wider AI stage could have lasting effects on how quickly and efficiently AI tools are developed. We’ll keep an eye on all that for you. In the meantime, it’s...

After traders sold off global technology stocks en masse Monday on news of a Chinese artificial intelligence competitor, some aren’t too concerned with DeepSeek’s seemingly meteoric rise. Analysts at Wedbush, led by Dan Ives, said in a note Tuesday that they “view the DeepSeek fear across the tech world as in essence a ‘tech AI head fake’ that will be short lived as more details and analysis comes out about DeepSeek’s model and China resources.” The sell-off led to a $1 trillion loss in market capitalization, with much of that...

Welcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Ian King writes that the announcement of a new, cheaper AI model from Chinese startup DeepSeek will force big tech executives to respond to a different set of questions when they release quarterly results beginning later this week. AT&T’s rebound: In the face of a tech market rout, AT&T had its best day in more than 15 months after reporting surprisingly strong gains in mobile...

After traders sold off global technology stocks en masse Monday on news of a Chinese artificial intelligence competitor, some aren’t too concerned with DeepSeek’s seemingly meteoric rise. Analysts at Wedbush, led by Dan Ives, said in a note Tuesday that they “view the DeepSeek fear across the tech world as in essence a ‘tech AI head fake’ that will be short lived as more details and analysis comes out about DeepSeek’s model and China resources.” The sell-off led to a $1 trillion loss in market capitalization, with much of that...

The entire AI complex sold off violently on Monday after China's "AI Sputnik" moment, driven by the low-cost DeepSeek chatbot, raised doubts about the market's future expectations for massive investments in new computing infrastructure and upgraded power grids to support large language models and other AI technologies. Goldman's Rich Privorotsky told clients Monday that DeepSeek is allegedly "40-50x more efficient than other large language models." "If you can do more with less, it naturally leads to the question of whether you need so much capacity," Privorotsky said.

DeepSeek’s success despite Washington’s blockade on high-powered Chinese chips set off a similar freak-out among the ascendant AI barons — who just last week were in Washington cozying up to the political powers during President Trump’s inauguration. The chest thumping and fist bumping over the Trump administration’s grandly named Project Stargate and its half-trillion-dollar AI investment pledge looked a little ridiculous Monday when a Chinese firm with no such advantages seemed to become an overnight leader in the field. And there’s reason to freak out.