DeepSeek is a stunning development by a Chinese start-up founded by fin-tech engineer Liang Wenfeng. How does DeepSeek threaten the American economic and financial predominance? What happens to paid services of AI, ChatGPT, Meta and Google now that DeepSeek is offering? Economist Javed Hassan explains the possible implications of DeepSeek for the US and US-based tech giants
The rise of China has sparked competition with the US, causing concern among Americans. One area of focus is China’s development of high-quality chips, which underscores its emphasis on software security.
In terms of innovation, the gap between China and the US has significantly narrowed. This shift will have far-reaching impacts on industrial production, financial evaluation, and soft power.
China has made notable strides, demonstrating transparency, creativity, and innovative prowess. It has leveraged its pool of skilled graduates, intellectuals, and technologists.
