DeepSeek is causing havoc throughout the AI industry. U.S.-based tech companies that have heavily invested in AI saw their stocks take a tumble this week after the China-based startup released a new AI model on par with OpenAI's latest model, yet much cheaper to train — plus, DeepSeek made it free and open source.

President Donald Trump and OpenAI chief Sam Altman weighed in on the buzz surrounding DeepSeek, a Chinese artificial intelligence startup that rocked the U.S. tech sector on Monday.

U.S. President Donald Trump said on Monday that Chinese startup DeepSeek's technology should act as spur for American companies and said it was good that companies in China have come up with a cheaper,