The emergence of DeepSeek, a ChatGPT-like AI model from China, has sent shockwaves through the US tech sector. DeepSeek's R1 model, developed at a fraction of the cost of major US competitors, has become the most downloaded free app on Apple's US App Store. This has sparked concerns about American technological dominance and prompted calls for increased investment in AI development.
SAN FRANCISCO, California — Fears of upheaval in the artificial intelligence gold rush rocked Wall Street on Monday following the emergence of a popular ChatGPT-like model from China , with US President Donald Trump saying it was a 'wake-up call' for Silicon Valley .Last week's release of the latest DeepSeek model initially received limited attention, overshadowed by the inauguration of Trump on the same day.
President Donald Trump acknowledges the crowd during the 2025 Republican Issues Conference on Jan. 27, 2025, in Doral, Florida. Trump said China’s newest AI model DeepSeek, which is becoming widely popular, should serve as a ‘wake-up call’ to Silicon Valley to step up its efforts to remain competitive.
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