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May 9, 2025
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In the blink of an AI

In the blink of an AI

DeepSeek, an open-source artificial intelligence app founded by a tech entrepreneur with close ties to the Chinese government, knocked a US$1 trillion-sized hole in an AI-fueled rally on global stock markets this week when it topped app charts ahead of U.S.-rival ChatGPT.

The fresh challenge to U.S. dominance in the sector comes from a firm at the core of the Chinese government’s vision for an economic recovery driven by high-tech innovation.

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