The United States Navy has officially banned its members from using DeepSeek — an artificial intelligence chatbot created in China — out of fear the Chinese government could exploit sensitive data, according to a report.

The United States Navy has officially banned the use of China’s DeepSeek AI across all operations. In a memo reportedly sent on Jan. 24, the Navy informed personnel that the generative AI model must not be used “in any capacity,

Computer chip equipment maker ASML's CEO on Wednesday made the case that the advent of efficient AI models such as one China's DeepSeek has launched is a net positive for chip markets. Christophe Fouquet said that perceptions of AI spending are skewed by the massive investments being made by "hyperscalers" - companies such as Google,

ASML Holding NV brushed off concerns about the artificial intelligence-driven demand for its chipmaking machines after Chinese startup DeepSeek’s low-cost chatbot roiled markets earlier in the week.

DeepSeek prompted a major sell off of tech stocks this week, but ASML's chief says the artificial-intelligence upstart could boost the chips sector in the longer term. Tech stocks—including ASML—fell