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US President Donald Trump says has called the rise of Chinese company DeepSeek “a wake-up call” for the US tech industry, after the emergence of its artificial intelligence (AI) model triggered shockwaves on Wall Street.

Shares in major tech firms such as Nvidia fell sharply, with the chip giant losing almost $600bn (£482bn) in market value.

What has shaken the industry is DeepSeek’s claim that its R1 model was made at a fraction of the cost of its rivals – raising questions about the future of America’s AI dominance and the scale of investments US firms are planning,

DeepSeek has become the most downloaded free app in the US just a week after it was launched, Trump says

DeepSeek has become the most downloaded free app in the US just a week after it was launched, Trump says

Responding to the news, Trump said the latest developments in China’s AI industry may be “a positive” for the US. Trump says

“DeepSeek’s ability to rival US models despite limited access to advanced hardware demonstrates that software ingenuity and data efficiency can compensate for hardware constraints,” said Marina Zhang, an associate professor at the University of Technology Sydney, who focuses on China’s high-tech industries, Trump says

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“DeepSeek’s ability to rival US models despite limited access to advanced hardware demonstrates that software ingenuity and data efficiency can compensate for hardware constraints,” said Marina Zhang, an associate professor at the University of Technology Sydney, who focuses on China’s high-tech industries.

Trump says

Trump say

US President Donald Trump has called the rise of Chinese company DeepSeek “a wake-up call” for the US tech industry, after the emergence of its artificial intelligence (AI) model triggered shockwaves on Wall Street.

Following the shock to markets in the US on Monday, the FTSE 100 stock index of the UK’s biggest publicly-listed companies appeared resilient in early trading on Tuesday, rising by 0.46%.

Following the shock to markets in the US on Monday, the FTSE 100 stock index of the UK’s biggest publicly-listed companies appeared resilient in early trading on Tuesday, rising by 0.46%.

Following the shock to markets in the US on Monday, the FTSE 100 stock index of the UK’s biggest publicly-listed companies appeared resilient in early trading on Tuesday, rising by 0.46%.

Following the shock to markets in the US on Monday, the FTSE 100 stock index of the UK’s biggest publicly-listed companies appeared resilient in early trading on Tuesday, rising by 0.46%.

DeepSeek’s technology has been praised by high profile figures including OpenAI chief Sam Altman who called it “an impressive model, particularly around what they’re able to deliver for the price”, though he added that OpenAI would “obviously deliver much better models” moving forward.

DeepSeek’s technology has been praised by high profile figures including OpenAI chief Sam Altman who called it “an impressive model, particularly around what they’re able to deliver for the price”, though he added that OpenAI would “obviously deliver much better models” moving forward.

DeepSeek’s technology has been praised by high profile figures including OpenAI chief Sam Altman who called it “an impressive model, particularly around what they’re able to deliver for the price”, though he added that OpenAI would “obviously deliver much better models” moving forward.

DeepSeek’s technology has been praised by high profile figures including OpenAI chief Sam Altman who called it “an impressive model, particularly around what they’re able to deliver for the price”, though he added that OpenAI would “obviously deliver much better models” moving forward.

“We were simply following our own pace, calculating costs, and setting prices accordingly.”



After DeepSeek-R1 was launched earlier this month, the company boasted of “performance on par with” one of OpenAI’s latest models when used for tasks such as maths, coding and natural language reasoning. Trump Says

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