Trump’s comments came after US chip-maker Nvidia, whose semiconductors power the AI industry, led a massacre in tech stocks, losing nearly US$600 billion of its market value.
The chatbot developed by DeepSeek, a startup based in the eastern Chinese city of Hangzhou, has apparently shown the ability to match the capacity of US AI pace-setters for a fraction of the investments made by American companies.
Just last week following his inauguration for a second term, Trump announced a US$500 billion venture to build infrastructure for AI in the United States led by Japanese giant SoftBank and ChatGPT-maker OpenAI.
Source: CNA
