US President Trump Labels China's DeepSeek AI Leap as "Wake-Up Call" for US Tech Industry

DeepSeek, a Chinese AI startup, has caused a significant stir in the US tech industry. The company's release of its R1 model, which was developed at a fraction of the cost of its rivals, has led to a sharp decline in shares of major tech firms such as Nvidia, with a loss of almost $600 billion. The news has been described as a "wake-up call" by US President Donald Trump, who believes it should prompt the US tech industry to re-evaluate its priorities and compete more effectively.