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DeepSeek AI a 'wake up call' for US firms: Trump
Hindustan Times Gurugram
|January 29, 2025
US President Donald Trump said on Monday the low-cost Chinese AI model DeepSeek was a "wake up call" for US firms, after its emergence caused a rout in tech shares.
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MIAMI:
"Hopefully, the release of DeepSeek AI from a Chinese company should be a wake up call for our industries that we need to be laser-focused on competing to win," Trump told a Republican congressional retreat in Miami.
But Trump said the shock could also be "positive" for Silicon Valley by forcing it to innovate more cheaply.
Trump's comments came after US chip-maker Nvidia, whose semiconductors power the AI industry, led a massacre in tech stocks, losing nearly $600 billion of its market value.
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