Beijing’s growing clout in the artificial intelligence space has sparked a wave of optimism toward Chinese tech shares, with a gauge approaching a technical bull market and brokers issuing upbeat calls.

The DeepSeek development illustrates how the U.S. attempt to slow China's technological advancement "has backfired, instead accelerating Chinese AI innovation," TF Securities said

Officials in South Korea and Australia have cited concerns about user data and national security as reasons to block the buzzy AI service from China.

A bipartisan congressional bill is being introduced to ban China's DeepSeek artificial intelligence software from government devices. U.S. Reps. Darin LaHood, R-Ill., and Josh Gottheimer, D-N.J., are introducing the legislation on national security grounds,

Beijing has criticised Australia's decision to ban Chinese-owned AI chatbot DeepSeek from government devices. It comes as the federal government on Tuesday announced it was banning DeepSeek from workplace devices “to protect Australia’s national security and national interest".