Breakthroughs from Chinese AI startup DeepSeek have stunned Silicon Valley and could bring turbulence to Wall Street, as they were accomplished at a fraction of what the U.S. giants are spending and despite export bans on top-of-the-line chips.
Why it matters: China’s rapid advances suggest America’s strategy of withholding technology from China might just be speeding up the evolution of its rival’s AI knowhow.
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