China’s growing clout in the artificial intelligence space has sparked a wave of optimism toward the nation’s 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

The launch of DeepSeek has unsettled the world’s belief that it “could contain China”, said Deutsche Bank, calling the emergence of the artificial-intelligence (AI) technology the country’s “Sputnik moment”.

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".