Export controls need to be tightened after revelations the Chinese company used Nvidia technology, the leaders of a congressional committee said.

Two U.S. Congress members are calling on President Donald Trump's administration to consider restricting the export of artificial intelligence chips made by Nvidia , alleging Chinese AI firm DeepSeek has relied on them.

American AI stocks got sucker punched after China's DeepSeek app reportedly showed advancements against rivals sending investors into sell mode, shaving 3% off the Nasdaq.

The US fears China could harness AI to launch aggressive cyber attacks or even develop a bioweapon. Read more at straitstimes.com.

Nvidia said in a statement it is "ready to work with the administration as it pursues its own approach to AI."