Despite a recent loss of trillion dollars in US tech stocks, software CEOs say the AI revolution is moving forward as planned. The success of Chinese chatbot DeepSeek has raised concerns about the dominance of foreign technology companies in the industry. However, top executives in the sector are assuring investors that artificial intelligence innovation remains on track. They point to ongoing research and development efforts as proof of their commitment to advancing the field. The impact of DeepSeek’s overnight success is seen as a temporary setback for US tech stocks, rather than a permanent change in the global technology landscape.
Source: https://www.washingtonpost.com/technology/2025/01/30/deepseek-microsoft-meta-investors