Computer chip equipment maker ASML's CEO on Wednesday made the case that the advent of efficient AI models such as one China's DeepSeek has launched is a net positive for chip markets. Christophe Fouquet said that perceptions of AI spending are skewed by the massive investments being made by "hyperscalers" - companies such as Google,

ASML Holding NV brushed off concerns about the artificial intelligence-driven demand for its chipmaking machines after Chinese startup DeepSeek’s low-cost chatbot roiled markets earlier in the week.

DeepSeek prompted a major sell off of tech stocks this week, but ASML's chief says the artificial-intelligence upstart could boost the chips sector in the longer term. Tech stocks—including ASML—fell

The success of DeepSeek’s new AI model points to how China might eventually achieve an even bigger technological breakthrough in the face of US export curbs: Producing its own cutting-edge chips.

This story incorporates reporting fromChina Briefing, The Washington Post and The Associated Press on MSN.com.China’s AI sector is advancing rapidly, led by innovation and resource-efficient practices.

DeepSeek caused a market tsunami on Monday as investors digested the news that its new R1 model appeared to perform well despite being trained with less sophisticated chips, somet

DeepSeek’s emergence has raised concerns that China may have overtaken the US in the artificial intelligence race despite restrictions on its access to the most advanced chips.

The American company OpenAI has accused the Chinese startup DeepSeek of using its proprietary AI models. These were allegedly used to train the artificial intelligence created by the Chinese company,