Trump says China's DeepSeek AI chatbot is a 'wake-up call'

Donald Trump has said that the launch of a chatbot by China's DeepSeek is a "wake-up call" for US tech firms in the global race to dominate artificial intelligence. The emergence of DeepSeek, which has built its R1 model chatbot at a fraction of the cost of competitors such as OpenAI's ChatGPT and Google's Gemini, wiped 1tn ( 800bn) in value from the leading US tech index on Monday. Nvidia, a leading maker of computer chips that has experienced explosive growth amid the AI boom, had 600bn wiped off its market value in the biggest one-day fall in US stock market history. "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," said Trump. He pointed to DeepSeek's ability to apparently deliver the same performance as existing AI models with far fewer resources, threatening the dominance of the US-led AI boom.