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The app topped the free downloads chart on iPhones in the US and is among the most downloaded productivity apps in the Play Store. Founded by quant fund chief Liang Wenfeng, DeepSeek’s open ...

Chinese startup DeepSeek’s eponymous AI assistant rocketed to the top of Apple Inc.’s iPhone download charts, stirring doubts in Silicon Valley about the strength of America’s lead in AI.

Globally, IAP revenue grew 13% year-on-year (YoY) to $150 billion, with the United States ($52 billion) and China ($25 billion) leading. Social media and media & entertainment (M&E) (film & TV ...