OpenAI is in talks to raise new capital at a valuation of up to $340 billion valuation, CNBC has confirmed; SoftBank would contribute $15 billion to $25 billion of the roughly $40

OpenAI believes DeepSeek used a process called “distillation,” which helps make smaller AI models perform better by learning from larger ones.

DeepSeek is causing havoc throughout the AI industry. U.S.-based tech companies that have heavily invested in AI saw their stocks take a tumble this week after the China-based startup released a new AI model on par with OpenAI's latest model, yet much cheaper to train — plus, DeepSeek made it free and open source.

Sam Altman’s OpenAI said Chinese competitor DeepSeek could be committing intellectual property theft. DeepSeek, an emerging Chinese artificial intelligence company, sent shockwaves through the technology world when its AI model surged to the top of the app store in the United States this week.