Wednesday, January 29, 2025

DeepSeek a wake-up call for U.S. tech firms, Trump warns

(BBC News) US President Donald Trump warns Chinese startup DeepSeek is a wake-up call for America’s technology industry.

  • The emergence of DeepSeek’s low-cost AI chatbot caused shockwaves on Wall Street, with Nvidia losing more than $500 billion in market value.
  • Shares in other major technology firms fell steeply in value when markets opened on Monday. That day, DeepSeek said it was hit by a “large-scale malicious attack”.
  • Tech-focused shares in Japan fell on Tuesday, while stock markets in China, South Korea and Taiwan are closed for the Lunar New Year holiday.
  • The DeepSeek app, which was launched last week, has overtaken rivals including ChatGPT to become the most downloaded free app in the US.
  • DeepSeek was reportedly developed for a fraction of the cost of its rivals, raising questions about the future of America’s AI dominance and the scale of investments US firms are planning.

 

https://www.bbc.com/news/live/cjr85l2e4l4t

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