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Chinese AI is coming

DeepSeek bites U.S tech stocks as the Year of the Snake begins

Jeremy Goldkorn's avatar
Jeremy Goldkorn
Jan 28, 2025
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Happy New Year and all the best for the Year of the Snake! 金蛇吐祥

This is The China Week, a succinct roundup of what you need to know to stay informed about business, politics, culture, and other news about the world’s other superpower. It’s free for the next few weeks.

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U.S. tech stocks tumble as China’s DeepSeek does AI on the cheap

DeepSeek CEO Liang Wenfeng 梁文锋 (right) at a government briefing attended by Premier Li Qiang 李强 on January 20, 2025. Screenshot from CCTV news segment.

“Technology shares steadied on Tuesday, led by a modest recovery in [chipmaker] Nvidia after its record-breaking wi…

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