China’s Shocking DeepSeek AI Pops US Big Tech Monopoly Bubble
China is making enormous progress in the development of artificial intelligence technology, and it has set off a political and economic earthquake in the West.
The stocks of US Big Tech corporations crashed on January 27, losing hundreds of billions of dollars in market capitalization over the span of just a few hours, on the news that a small Chinese company called DeepSeek had created a new cutting-edge AI model, which was released for free to the public.
The UK’s leading newspaper The Guardian described DeepSeek as “the biggest threat to Silicon Valley’s hegemony”.