A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between the U.

Entrepreneur Marc Andreessen, known for co-writing Mosaic, one of the world’s first web browsers, wrote Sunday on X that “DeepSeek R1 is AI’s Sputnik moment,” likening it to the space race between the U.S. and the Soviet Union and the event that forced the U.S. to realize that its technological abilities were not unassailable.

Key Takeaways U.S. AI stocks sold off Monday as an app from Chinese AI startup DeepSeek dethroned OpenAI's as the most-downloaded free app in the U.S. on Apple.DeepSeek claims its latest model’s performance is on par with that of American AI leaders like OpenAI,