DeepSeek rolled out a free AI assistant that it says uses lower-cost chips and less data than other leading models, according to Reuters. DeepSeek's AI Assistant app also overtook OpenAI's ChatGPT as the top-rated free app in Apple's App Store on Monday. The leading AI chipmakers were under the most pressure Monday morning, but Palantir was also facing significant selling pressure, last down more than 5%. Palantir shares rallied more than 300% in 2024, driven by the company's positioning in the AI space. The stock is up approximately 75% since the company last reported earnings. Palantir is due to report quarterly financial results again after the market close on Feb. 3. Analysts currently expect the company to report earnings of 11 cents per share and revenue of $775.91 million, according to estimates from Benzinga Pro.