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US govt bans DeepSeek that wiped over $1 trillion from Wall Street in less than 2 hrs
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The US Department of Homeland Security has issued an order to ban all products and services of DeepSeek. Concerns have been raised regarding the potential transfer of sensitive data to the People's Republic of China. This decision follows previous actions by multiple US agencies against DeepSeek technology. The Federal Communications Commission is set to expand bans on testing by Chinese labs.
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US govt bans DeepSeek that wiped over $1 trillion from Wall Street in less than 2 hrs
TOI TECH DESK · 10/20/2026, 3:12:16 AM
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