(FILES) The logo of Deepseek is seen during the Global Developer Conference, organised by the Shanghai AI Industry Association in Shanghai on February 21, 2025. Chinese startup DeepSeek released a new artificial intelligence model with "drastically reduced" costs on April 24, 2026, more than a year after it stunned the world with a low-cost reasoning model that matched the capabilities of US rivals. (Photo by Hector RETAMAL / AFP via Getty Images)

(FILES) This photograph shows screens displaying the logo of DeepSeek, a Chinese artificial intelligence company which develops open-source large language models, in Toulouse, southwestern France on January 29, 2025. Chinese startup DeepSeek released a new artificial intelligence model with "drastically reduced" costs on April 24, 2026, more than a year after it stunned the world with a low-cost reasoning model that matched the capabilities of US rivals. (Photo by Lionel BONAVENTURE / AFP via Getty Images)

(FILES) This photo illustration shows the DeepSeek app on a mobile phone in Beijing on January 28, 2025. Chinese startup DeepSeek released a new artificial intelligence model with "drastically reduced" costs on April 24, 2026, more than a year after it stunned the world with a low-cost reasoning model that matched the capabilities of US rivals. (Photo by Pedro PARDO / AFP via Getty Images)

(FILES) This photo illustration taken on February 17, 2025 in Goyang shows screens displaying web pages of the Chinese AI DeepSeek. Chinese startup DeepSeek released a new artificial intelligence model with "drastically reduced" costs on April 24, 2026, more than a year after it stunned the world with a low-cost reasoning model that matched the capabilities of US rivals. (Photo by Jung Yeon-je / AFP via Getty Images)

(FILES) This photo illustration shows the DeepSeek app on a mobile phone in Beijing on January 27, 2025. Chinese startup DeepSeek released a new artificial intelligence model on April 24, 2026, more than a year after it stunned the world with a low-cost chatbot that matched the capabilities of US rivals. (Photo by GREG BAKER / AFP via Getty Images)

(FILES) This photo illustration shows the DeepSeek app on a mobile phone in Hong Kong on January 28, 2025. Chinese startup DeepSeek released a new artificial intelligence model on April 24, 2026, more than a year after it stunned the world with a low-cost chatbot that matched the capabilities of US rivals. (Photo by MLADEN ANTONOV / AFP via Getty Images)

A man walks past a booth of Ningbo Zhongkun Safety Technology Co., Ltd. at the National Defense Technology Industrial Equipment and Information Technology Expo in Shanghai on April 23, 2026. (Photo by Jade GAO / AFP via Getty Images)

An unmanned aerial vehicle is seen at the National Defense Technology Industrial Equipment and Information Technology Expo in Shanghai on April 23, 2026. (Photo by Jade GAO / AFP via Getty Images)