White House ‘looking at’ national security implications of Chinese AI breakthrough - DeepSeek says its AI model is similar to US giants like OpenAI, despite fears of censorship around issues sensitive

As Chinese AI application DeepSeek attracts hordes of American users, Trump administration officials, lawmakers and cybersecurity experts are expressing concern that the technology could pose a threat to U.S. national security.

Nvidia Corp.’s $3 trillion run-up in market value in the two years since ChatGPT helped trigger an AI frenzy is bigger than any stock rally in history in such a short time span. But the landscape is now changing for the chipmaker.

Shares for leading US chip firm Nvidia dropped by almost 17% on Monday after the emergence of DeepSeek stunned Silicon Valley.

The fallout: Several tech stocks slid yesterday, with AI chip maker Nvidia losing $589 billion in market capitalization. Trump said DeepSeek should be “a wake-up call” to tech leaders. Holocaust survivors marked the 80th anniversary of the liberation of Auschwitz.

Monday's massive selloff in AI-darling Nvidia's shares did little to blunt options traders' enthusiasm for the chipmaker's shares, with traders quick to pile back into bullish Nvidia contracts as the stock recovered on Tuesday.

Elon Musk doesn’t miss an opportunity to take a dig at OpenAI — even when the news item in question is supposed to be favorable to President Trump. Just a few hours after yesterday’s White House presser on The Stargate Project wrapped up, Musk posted on X that “they don’t actually have the money.”

Silicon Valley and Washington leaders said the app shows China can challenge the U.S. The Nasdaq lost 3 percent and chipmaker Nvidia shed $589 billion in market capitalization.

The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.

A competitive artificial intelligence model from a Chinese startup showed high-powered AI can be done much cheaper than U.S. models perform. The prices of eggs are estimated to rise, despite promises from the White House otherwise. USA soccer player Naomi Girma has set a record for women in the sport.

President Trump is suspending some legal immigration programs that allowed people from certain countries to seek legal status in the U.S. through parole, according to a government memo. CBS News' Olivia Rinaldi reports.

Silicon Valley and Washington leaders said the app shows China can challenge the U.S. The Nasdaq lost 3 percent and chipmaker Nvidia shed $589 billion in market capitalization.