Nvidia, energy stocks: DeepSeek AI triggers market sell-off; time to worry?

China’s answer – DeepSeek – to the artificial intelligence (AI) tools and models such as Chat GPT triggered a sell-off across global stocks on Monday.

According to reports, (free) downloads of DeepSeek have already overtaken American rivals in Apple’s US app store.

The emergence of an almost-as-good AI utility created at much lower cost that also uses much less energy has set the proverbial cat amongst the pigeons.