The Chinese startup has released an image-generation model called Janus-Pro, aiming to take on US rivals DALL-E 3 and Stable Diffusion. The multimodal model, which generates images from text prompts, is said to outperform competing services in areas such as image quality and accuracy.

DeepSeek appears to be twisting the knife. U.S.-based AI stocks took a tumble on Monday following the release of the China-based DeepSeek AI chatbot. The new product from the Chinese tech startup offers a more affordable large language model (LLM),