DeepSeek is shaking up the AI landscape by outperforming ChatGPT on benchmarks while costing only $5.6 million to develop.

Released by Chinese startups, it offers open-source transparency and multimodal capabilities at a fraction of the cost of U.S. models.

This raises concerns about U.S. AI dominance, the valuation of companies like OpenAI, and potential declines in Nvidia's stock, as it challenges the high-cost, closed-source AI model.