China Develops Deep-Sea Cable Cutting Device, Raising Security Concerns

Liang Wengfeng, the founder of the Chinese AI company DeepSeek, was seen publicly for the first time at a conference in Beijing, following his absence from a global AI summit in Paris. DeepSeek's recent unveiling of a powerful AI model that operates at a significantly lower cost than OpenAI's ChatGPT has raised questions about the United States' status as the leader in artificial intelligence, according to Sky News.
Prior to DeepSeek's entry into the market, the US was believed to have a monopoly, with all top 10 AI companies headquartered there. However, the announcement has led to a decline in share prices for major AI firms, including Nvidia, Meta Platforms, Microsoft, and Alphabet. During a meeting held by Chinese President Xi Jinping, Wengfeng, alongside other tech leaders, was encouraged to "show their talent" and bolster China's market position in technology.
Analysts, such as Christopher Beddor from Gavekal Dragonomics, suggest that this engagement signals the Chinese government's aim to leverage private firms to compete with US advancements.