Conversation around DeepSeek has surged over the past few days, with experts speculating on just how much it may change the world of AI. Leading chip stocks such as Nvidia and Adv

Former Google CEO Eric Schmidt said Tuesday that the rise of DeepSeek, the Chinese startup behind a new artificial intelligence (AI) model taking the internet by storm, marks a “turning point” for the global AI race.

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 shares have bounced back from the impact of DeepSeek. ASML predicts that low-cost AI models will boost demand for the firm's machines.