China's DeepSeek AI Surges Past ChatGPT: A Wake-Up Call for US Tech?

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China's DeepSeek AI has taken the tech world by storm, surging past OpenAI's ChatGPT in downloads from Apple's app store. This new Chinese chatbot, named R1, has been developed at a fraction of the cost of its competitors, causing panic in Wall Street and raising questions about the future of AI investment. Donald Trump has called it a 'wake-up call' for Silicon Valley to maintain US technological dominance. DeepSeek's success has also sparked a debate about the need for the US government to reverse AI safety standards and prioritize winning the AI race. Nvidia, a leading maker of computer chips for AI models, experienced a massive drop in market value following the news.

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