Chinese state-linked social media accounts amplified narratives celebrating the launch of Chinese startup DeepSeek's AI models last week, days before the news tanked U.S. tech stocks, according to online analysis firm Graphika.

Meta Platforms CEO Mark Zuckerberg announced the social media company plans to spend as much as $65 billion this year alone to build on its artificial intelligence efforts.

Stocks tumbled after a Chinese AI startup said its models can compete with the likes of ChatGPT and other U.S.-based models at a fraction of the cost.

DeepSeek, a Hangzhou-based startup founded in 2023, shot to the top of Apple’s App Store free app chart after releasing a new open-source AI model it says rivals OpenAI's work. Its website was hit by outages amid a spike in interest.

Meta CEO Mark Zuckerberg said the company will invest billions in AI despite the DeepSeek surprise; wants Llama 4 to lead the market.

The qualitative parallels between Monday’s artificial intelligence bust and the one that hit wildly free-spending telecommunications firms some 25 years ago are uncanny. The quantitative resemblance is mostly hallucinated.

Privacy experts note that Meta ‘s approach to AI memory includes robust security measures to protect user data. The company has implemented encryption protocols and data retention policies that comply with global privacy regulations, including GDPR and CCPA.

The buzz surrounding DeepSeek intensified following its launch on January 20, with discussions comparing its advancements to OpenAI’s ChatGPT.

India's IT minister has praised Chinese startup DeepSeek for shaking up the sector with its low-cost AI assistant, likening its frugal approach to his government's efforts to build a localized AI model.

Apple revealed quarterly results that slightly exceeded Wall Street expectations, SoftBank is in talks to invest as much as $25bn into OpenAI, and the European Central Bank cut interest rates as it warned about headwinds to the bloc’s economy.