DeepSeek's Shock: Has China Levelled the AI Playing Field - and What Happens Next?
When a Chinese AI lab released DeepSeek-R1 and matched GPT-4 at a fraction of the cost, it rattled Silicon Valley, crashed Nvidia's stock by $600 billion in a day, and reignited the most consequential technology race of the 21st century. Here is what actually happened, what it means, and why the debate about AI supremacy has fundamentally changed.