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Silicon Valley in Shambles as Chinese Startup Creates Top-Tier AI Without Billions of Investment

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A Chinese AI chatbot called DeepSeek has rocketed to the top of the charts on Apple 's App Store .

The chatbot was reportedly developed for less than $6 million .

Western AI models, on the other hand, have sucked up billions of funding, with companies including OpenAI looking to spend hundreds of billions of dollars in the coming years .