Industry analysis reports from firms like McKinsey or Deloitte

Trump Labels DeepSeek AI From Chinese Company a 'Wake-Up Call' and Potential 'Positive Development' for U.S. Industries

Jan 28, 2025, 12:15 AM

President Donald Trump has described the release of DeepSeek, a new artificial intelligence platform developed by a Chinese company, as a 'wake-up call' for U.S. industries. Speaking in Florida, Trump emphasized the need for American companies to be laser-focused on competing to win, suggesting that the emergence of DeepSeek could be a positive development if it proves to be more cost-effective than its U.S. counterparts. He highlighted that the Chinese company's approach to AI development is faster and less expensive, which he views as an asset. Trump's comments come amid concerns that the low-cost AI model from China might challenge the dominance of leading U.S. AI companies, prompting a sell-off in technology stocks globally.