Technology stocks took a significant hit this morning after DeepSeek, a one year old Chinese AI company, claimed the top spot in the app store
FILE - The New York Stock Exchange is shown in New York's Financial District on Dec. 31, 2024. on Monday after DeepSeek, a one year old Chinese artificial intelligence company, claimed the top spot as the number one free app in Apple's App Store, pushing OpenAI's ChatGPT to second place.to train its latest models, though this has not been confirmed by independent sources, a stark contrast to the billions of dollars U.S.
The rise of DeepSeek has sparked concerns beyond the financial markets. As a direct competitor to major U.S. AI platforms, its success raises questions about China's. Given the complex relationship between China and the United States, this technological advancement could pose a risk to U.S. national security, according to a report from George Mason University's National Security Institute.
At the core of the competition between the United States and its closest near-peer rival—whether in the economic, political, or social spheres—will be technological innovation. On the financial front, the U.S. government has been heavily investing in American AI. In 2022, federal spending on AI reached $3.3 billion,a collaboration among OpenAI, Oracle, and SoftBank, aiming to invest up to $500 billion over four years to develop AI infrastructure in the United States.
This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world. This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.
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