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Forbes
27 Jan 2025
President Donald Trump praised Chinese AI startup DeepSeek on Monday at a House Republican retreat, lauding DeepSeek as “a positive development” due to the claimed low cost the company developed its AI model for compared to its American counterparts, and a “wake-up call” for U.S. industries after DeepSeek’s app soared to the top of the App Store and caused a massive selloff in U.S. tech stocks.
President Donald Trump made the comments at the 2025 Republican Issues Conference at the Trump ... [+]
Trump said the release of DeepSeek’s AI model “should be a wake-up call for our industries that we need to be laser-focused on competing to win.”
This is a developing story. Check back for updates.