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US president Donald Trump branded China’s AI tool DeepSeek a “wake up call” as global markets were rocked by the emergence of the new low-cost technology.
The artificial intelligence app rocketed to the top of the Apple Store’s download charts over the weekend after its release last week by a Chinese start-up of the same name founded in 2023.
It offers similar functionality to OpenAI’s popular ChatGPT chatbot, answering questions and generating text in response to a user’s queries.
Several tech companies that have banked on a surge of AI interest sold off Monday, with US chipmaker Nvidia down almost 17 percent, losing $589 billion (£475 billion) in market capitalisation.
Trump said: “The release of DeepSeek, AI from a Chinese company should be a wakeup call for our industries that we need to be laser-focused on competing to win.”
He pointed to DeepSeek’s ability to use fewer computing resources. “I view that as a positive, as an asset… you won’t be spending as much, and you’ll get the same result, hopefully,” he added.
Trump brands Chinese AI DeepSeek ‘wake up call’
US president Donald Trump branded China’s AI tool DeepSeek a “wake up call” as global markets were rocked by the emergence of the new low-cost technology.
The artificial intelligence app rocketed to the top of the Apple Store’s download charts over the weekend after its release last week by a Chinese start-up of the same name founded in 2023.
It offers similar functionality to OpenAI’s popular ChatGPT chatbot, answering questions and generating text in responseto a user’s queries.
Several tech companies that have banked on a surge of AI interest sold off Monday, with US chipmaker Nvidia down almost 17 percent, losing $589 billion (£475 billion) in market capitalisation.
Trump said: “The release of DeepSeek, AI from a Chinese company should be a wakeup call for our industries that we need to be laser-focused on competing to win.”
Alexander Butler28 January 2025 11:50