A frenzy over an artificial intelligence chatbot made by Chinese tech startup DeepSeek was upending stock markets Monday and fueling debates over the economic and geopolitical competition between the U.S. and China in developing AI technology.
DeepSeek's AI assistant became the No. 1 downloaded free app on Apple's iPhone store Monday, propelled by curiosity about the ChatGPT competitor. Part of what's worrying some U.S. tech industry observers is the idea that the Chinese startup has caught up with the American companies at the forefront of generative AI at a fraction of the cost.
DeepSeek has said its recent models were built with Nvidia's lower-performing H800 chips, which are not banned in China, sending a message that the fanciest hardware might not be needed for cutting-edge AI research. "What their economics look like, I have no idea," Rasgon said."But I think the price points freaked people out."Behind the drama over DeepSeek's technical capabilities is a debate within the U.S. over how best to compete with China on AI.
But the attention on DeepSeek also threatens to undermine a key strategy of U.S. foreign policy in recent years to restrict the sale of American-designed AI semiconductors to China. Some experts on U.S.-China relations don't think that is an accident. On Monday, Trump said DeepSeek's breakthrough was"good because you don't have to spend this much money."
DeepSeek's progress on AI without the same amount of spending could possibly undermine the potentially $500 billion AI investment by OpenAI, Oracle and SoftBank that Trump touted at the White House.
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