On January 20, as the world tuned into the inauguration of Donald Trump as the 47th US President, DeepSeek, a Chinese company, established in 2023 by Liang Wenfeng, a young engineer and entrepreneur, launched its first generative AI large language model (LLM) — DeepSeek R1. In a week’s time, this model became the most downloaded app in the US, sending stock markets crashing across the globe and triggering debates if the generative AI bubble would follow the dotcom bubble. This disruptive model’s pace and capability at a fraction of the infrastructure cost has challenged the US’s supremacy, premised on its...