Chinese AI Upstart Sparks $1 Trillion Market Rout After Trump Hyped AI Megadeal

A Chinese artificial intelligence startup’s latest AI model spooked markets Monday, leaving U.S. and European technology stocks on track for a $1 trillion wipeout, a week after President Donald Trump threw his weight behind a $500 billion private sector investment in AI infrastructure. DeepSeek’s latest AI model topped Apple’s App Store charts over the weekend, challenging the dominance of Silicon Valley giants like ChatGPT-maker OpenAI and...