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The app's sudden popularity, as well as DeepSeek's reportedly low costs compared to those of US-based AI companies, have thrown financial markets into a spin. Silicon Valley venture capitalist Marc Andreessen has hailed DeepSeek as "one of the most amazing and impressive breakthroughs" in AI.

Chinese start-up DeepSeek created a cost-efficient and powerful artificial intelligence model that appears to rival U.S. programs.

Oil company Chevron is partnering with Engine No. 1 and GE Vernova to create natural gas power plants in the United States that will be linked to data centers in order to support increased demand for electricity at these centers,

Oil and gas producer Chevron said on Tuesday it plans to build natural gas-based power plants next to data centers in the U.S., as energy demand to support the growth of artificial intelligence is expected to boom.

Chevron and GE Vernova will build enormous natural-gas power plants for artificial-intelligence data centers around the country that are big enough to power entire cities, the companies announced on Tuesday.

Universal Music Group (UMG) , the world's biggest music label, and Swedish streaming giant Spotify have reached a new multi-year agreement for recorded music and music publishing, they said on Sunday.

The app has overtaken ChatGPT to become the top free application on Apple's App Store in the UK.