Looking to AI for a financial plan? Take it more as guidance than gospel, experts say

AI chatbots have become another go-to for many young ɫtvs to set up budgets and map out financial goals. The Icons for the smartphone apps DeepSeek and ChatGPT are seen on a smartphone screen in Beijing, Tuesday, Jan. 28, 2025. (AP Photo/Andy Wong)

HONG KONG (AP) — Chinese tech startup DeepSeek ’s new artificial intelligence chatbot has sparked discussions about the competition between China and the U.S. in AI development, with many users flocking to test the rival of OpenAI's ChatGPT.

DeepSeek’s AI assistant was the No. 1 downloaded free app on Apple’s iPhone store on Tuesday afternoon and its launch made . Observers are eager to see whether the Chinese company has matched America’s leading AI companies at a fraction of the cost.

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