More US firms turn to China’s DeepSeek over pricey Silicon Valley AI

Chinese artificial intelligence start-up DeepSeek took the top spot on a major US business spending index in June, as more companies swap out expensive American options like OpenAI and Anthropic in favour of more affordable alternatives. According to a “trending software vendors” list from New York-based corporate spending platform Ramp – which tracks when businesses buy from a software vendor for the first time – DeepSeek’s rise placed it ahead of event-management platform PheedLoop and...