The news that an affordable artificial intelligence by DeepSeek, a Chinese AI startup, has outperformed ChatGPT developer OpenAI on several benchmarks has upended the global AI industry. Tech analysts in the US are closely watching the emergence of a new contender in the field while noting that DeepSeek’s achievements epitomize the normal tendency for costs to fall with technological advancement.

China’s newest artificial intelligence innovation, DeepSeek, has made waves globally, causing major disruptions in the U.S. tech sector. Following its surprising success, U.S. technology stocks experienced a sharp sell-off,

Apple shares rose more than 3% in premarket trading on Friday after the company forecast relatively strong sales growth, hinting at a recovery from a dip in iPhone sales as it rolls out artificial intelligence features.

Apple CEO Tim Cook told analysts that sales of iPhones in the markets where Apple Intelligence was available fared better than markets where it was yet not available. "We did see that the markets where we had rolled out Apple Intelligence,