Brief by Shorts91 Newsdesk / 11:17am on 28 Jan 2025,Tuesday International
US President Donald Trump described China's DeepSeek AI as a "wake-up call" for America's tech industry after its R1 model disrupted markets. The AI, developed at a fraction of the cost of competitors, caused Nvidia's market value to drop by nearly $600 billion. DeepSeek, founded by Liang Wenfeng in 2023, recently became the most downloaded app in the US. Trump, while acknowledging the competition, emphasized that the US would remain dominant. The rise of DeepSeek highlights China's innovative approach to AI, despite US restrictions on advanced chip exports. The news rattled global markets, including Japan's Nikkei index, which fell 1.4%.
