DeepSeek is causing havoc throughout the AI industry. U.S.-based tech companies that have heavily invested in AI saw their stocks take a tumble this week after the China-based startup released a new AI model on par with OpenAI's latest model,

Sam Altman’s OpenAI said Chinese competitor DeepSeek could be committing intellectual property theft. DeepSeek, an emerging Chinese artificial intelligence company, sent shockwaves through the technology world when its AI model surged to the top of the app store in the United States this week.

OpenAI has accused Chinese AI start-up DeepSeek of using its proprietary models to train an open-source competitor.

Since Chinese artificial intelligence (AI) start-up DeepSeek rattled Silicon Valley and Wall Street with its cost-effective models, the company has been accused of data theft through a practice that is common across the industry.