A Chinese hedge fund’s unexpected success in developing a ChatGPT rival for a fraction of the cost has sent shockwaves through global markets and strategic circles alike. DeepSeek’s breakthrough challenges the notion that only billion-dollar tech giants can dominate AI, potentially leveling the playing field for emerging powers. As debates erupt over claims of distillation, chip use, and open-source innovation, many see parallels to the 1957 launch of Sputnik. But this time, the technological disruption comes from a nation already locked in a high-stakes rivalry with the West. The implications could be just as historic.
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