DeepSeek and the Danger of Information Asymmetry in the Global AI Innovation Race
A few days ago, global tech news was suddenly taken over by the emergence of DeepSeek AI, a previously unknown Chinese startup that released an AI chatbot that claimed to have the capabilities of the best that the likes of OpenAI can offer, but developed with a fraction of the cost. The firms providing the tools to the global AI race, most notably semiconductor designer Nvidia, saw their share values tank in response, driven by investors fearing that future improvements in AI can be done without the constant increasing number and sophistication of chips and equipment that their producers previously claimed.