Trump calls DeepSeek AI's success a 'wake-up call' for US tech industry

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Trump calls DeepSeek AI's success a 'wake-up call' for US tech industry - Business Standard

Quick Summary:

Investors are concerned that DeepSeek’s model could challenge the dominance of US companies like Nvidia.

The AI model was created with Nvidia’s less advanced H800 chips, which cost less than $6 million—a fraction of what would be needed for more advanced chips.

The launch of DeepSeek’s open-source AI model, R1, last week sent shockwaves through the tech industry, triggering a sharp decline in US tech stocks.