DeepSeek AI - live: Trump and tech industry alarmed by new Chinese AI as stock market crashes
DeepSeek AI - live: Trump and tech industry alarmed by new Chinese AI as stock market crashes
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DeepSeek says its AI model is similar to US giants like OpenAi, despite fears of censorship around issues sensitive to Beijing. 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 claim of Uyghur genocide in Xinjiang is a ‘completely unfounded and severe slander of China’s domestic affairs’, DeepSeek says]](https://static.independent.co.uk/2025/01/28/11/Screenshot-2025-01-28-at-10.41.52.jpg)
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. The claim of Uyghur genocide in Xinjiang is a “completely unfounded and severe slander of China’s domestic affairs,” according to China’s new AI tool DeepSeek.
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