China’s AI Sputnik surprises
This week, China shocked the West with its announcement of DeepSeek, an artificial intelligence network capable of competing with OpenAI, Meta and Google. The fact that China was able to develop DeepSeek without a heavy supply of sophisticated microchips from Nvidia sent Nvidia stock spiraling, along with the other major tech companies in the United States: China seems to have cracked the code to bringing down the cost of AI development radically, in the process ending-around sanctions against their access to those microchips. In the words of former Intel Chief Executive Pat Gelsinger, ...