Inside the terrifying new Chinese chatbot DeepSeek that will steal your data and spread lies and communist propaganda [Video]

A CHEAP AI-powered chatbot from China has sent shockwaves around the world, causing panic for Western tech firms who thought they were leaps ahead in the artificial intelligence race.

The DeepSeek model rivals OpenAI’s ChatGPT — but is said to have been created for just £4.8million compared to the latter’s cost of upwards of £80million.

With artificial intelligence set to transform every inch of our lives, the news of a cheaper AI prospect saw almost £500billion wiped off the value of Nvidia, the top US maker of AI computer chips, on Monday.

It was the biggest one-day loss in Wall Street history.

DeepSeek was launched as a free app in …