largest economy is now better insulated for the trade war and says the stunning news that chinese ai company deepseek has matched, if not surpassed u.s. ai models underscores the fact that china can no longer be underestimated. >> the idea that we're going to win a tech war with china over let's say 10 or 20 years when all the kids being trained today in technology are chinese is madness. >> reporter: and while nobody at the offices of deepseek wanted to talk with cbs, chinese citizens are hoping for warmer relations with the u.s., but no one is under any illusion. do you think that donald trump will work with china, wants to be friends with china? >> i think donald trump will put great importance to its own interest. >> reporter: as prayers are offered for the year of the snake, many here know what's at stake. now while there are genuine concerns about what's ahead for u.s.-china relations, here in hong kong and across mainland china, there are celebrations for the chinese new year. there are tens of thousands packed this parade. i have to say, i have not seen these numbers or this sort of energy in

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right now, the nasdaq and the s&p 500 both down sharply thanks to a stunning rollout from chinese ai company deepseek it's a one year old startup that presented a chatgpt like ai model that can nearly match the capabilities of its far more famous rivals. that includes openai's gpt four, meta's llama and google's gemini, both at a, i should say, but but at a fraction of the cost. deepseek says that it spent just $5.5 million training its new ai model, compared with the hundreds of millions, if not billions, that american companies spend on their ai technologies. that's even more shocking considering the u.s. has worked for years to restrict the supply of higher power ai chips to china. also today, kia america is recalling more than 80,000 vehicles. the automaker says it's because floor wiring beneath the front passenger seat can become damaged and prevent airbags and seat belts from deploying properly. the recall covers niro ev plug in hybrid and hybrid models that were built from 2023 to 2025. hope i said that right. and after nearly half a century, officials have found a suspect in the killing of da

low—cost chinese artificial intelligence app — deepseek, which is presenting increased competition in the global ai battle.0ur north america business house. the release of deepseek ai from a chinese company coalfor f-f 7-7 that we 7 to be laser is that we need to be laser competing to win. deepseek�*s r1 model impressive. on the live page. many families are preparing for the biggest holiday of year. for updates throughtout the day, please head over to our website bbc.com where you can get more details on the live page. in other news — us president donald trump told reporters on monday that microsoft is in talks to acquire social media platform tiktok. he also added that he would like to see a bidding war over the app, which was set to be banned earlier this month. it comes nearly a week after trump signed an executive order granting tiktok a 75—day extension to comply with a law banning the app if it is not sold. the lunar new year is just around the corner, and in china, where it's called the spring festival, many families are preparing for the biggest holiday of year. it's also one of the busiest shopping times of the year, with many households buying new furniture, clothes and so on.

deepseek are cheaper. chinese rival to chatgpt must be monitored closely. >> the release of deepseek ai >> the release of deepseek a! from a chinese company call for our industries that we need to be laser focused on competing to win. >> conservative leader kemi badenoch backs calls to ban under 16 from owning smartphones like they have done in australia, will debate if it's time to do the same in britain. >> and get this. police in sheffield were involved in a high speed blue light chase of a shoplifter who evaded them in a wheelchair. >> these new population figures are absolutely stark. i mean, a net increase of population by 5 million over the next ten years, and that would be a okay if it was children who were then going to grow up through the school system, going to work and everything like that. but it's not we're talking 5 million adults. >> it's shocking. it's appalling. think about the impact on social cohesion. and if you're already thinking you're living in a country that doesn't feel very english or british or welsh or scottish, it's just going to make it a whole lot worse. and you think about some of the riots and disturbanc

the release of deepseek ai from a chinese company ben bajarin is ceo and principal analyst, earlier heme some context about deepseek�*s recent success. but obviously ones that china had access to, this company's been around for a long time. and so they've been continually investing in that. and that doesn't include and their paper even as well as the access they had to already open and they had access to that data as well. of the market that they started from scratch. it was, it was the cost to train the model costs less, and similarly, they're saying if they had access to more gpus even better than it is. for the industry as we see it. yeah. that actually the end game, because it uses less energy in terms of where ai is going. yeah. the term inference to hundreds of millions it opens the market. it increases the tam. cost of compute down. there's obviously going to keep looking at those efficiencies. the new i secretary wants start 2.5% on american imports according all american imports according to reports the financial what you think of this idea? 2.5% tariffs on all the 77 77 77 th

money. as a positive because you'll be doing that too, so you won't be the release of deepseek ai from a chinese company should the greatest scientists in the world. deepseek is reported to have been developed at a fraction of the of more established the cost of more established rivals. deepseek said was by what it called a scale malicious scalermalicious attack largescale malicious attack after opened. content. of so many people rushing to try it out. it censors itself, though, when it's asked to provide "i'm sorry, i can't answer that question, i'm an ai assistant "responses." ai sector doesn't have to be a monopoly after all. and we more on the market and we market ,, . andwe market ,, . market reaction. us tech stop suffered a _ market reaction. us tech stop suffered a historic _ market reaction. us tech stop suffered a historic rout - about nvidia. that's h about nvidia. that's a com-an t nvidia. that's a com-an t nvidi so ihat's a com-an t nvidi so ke s not, a company that is so key to the revolution and to the ar revolution and high—powered chips have that have'treen with the of that haveheen wit

you had this big selloff yesterday because of a new ai chinese company called deepseek. >> rebecca: thisgetting so much attention. it is called the temu of ai. a little known chinese company sending shock waves through the stock market, and calling into question u.s. dominance in artificial intelligence. this morning the powerful new chinese artificial intelligence app called deepseek igniting a selloff on wall street. shares of nvidia, largest maker of the chips that power ai here, plunging 17% with the company losing nearly $600 billion in market value. the biggest single day loss ever for a u.s. company. the fall triggered by the emergence of deepseek, an ai chat bot that works similar to chat gpt, a computer program that can simulate human conversation and perform complex tasks. deepseek's chinese owners claim it was developed for less than $6 million a fraction of the cost of its u.s. rivals like google, meta and open ai, saying it took just months to develop using cheaper chips and less energy. meta is reportedly assembling war rooms to figure out how they're being beat. president

we went to interview the ceo of deepseek, a chinese ai company which until monday was virtually unknown told to leave. no filming here, he orders. but for the rest of the country this is a moment of national pride. >> [speaking in a global language] >> reporter: "i am so proud and feel so good," says this woman. with little fanfare and a fraction of the budget, chinese startup deepseek released an ai model that performed as well or better >>> good evening. here at 7:00, a closer look at how california manages is water. we give you a tour of the pumps that became the target of a recent executive order. ♪ >> students in san jose take to the streets to protest deportations, one of two actions across the bay area to stand up for the local immigrants community. >>> breaking in the past half hour, alameda chose its new da to replace recalled da, pamela price. >>> this is cbs news bay area with juliette goodrich. >>> breaking news at 7:00, alameda county supervisors have chosen judge ursula jones dixon has secured the appointment after pamela price was recalled in november. jones dixon has bee

ai, and much less-expensive. that is good. because you don't have to spend as much money. i view that as a positive. the release of deepseek ai from a chinese companybe a wake-up call for our industries that we need to be laser focused on competing to win. we have the greatest scientists in the world. >> today, the press secretary doubled down on the message. >> the president believes this is a wake-up call to the american ai industry. the last administration sat on their hands and allow china to rapidly develop this ai program. so president trump believes in restoring american ai dominance. that is why he took very strong executive action this past week to sign executive orders to roll back some of the onerous regulations on the ai industry. president trump also probably appointed the first ai and crypto's are at this white house. david sacks, who i spoke with yesterday. very knowledgeable on this subject. this team is working every day to ensure american ai dominance. >> i'm joined by the economist ai writer alex noren. deepseek, should we be alarmed? >> i don't think we should be alarmed. i think we should be impressed. this is a phenomenal achi

we went to interview the ceo of deepseek, a chinese ai company which until monday was virtually unknownming here, he orders. but for the rest of the country, this is a moment of national pride. >> [speaking in a global language] >> reporter: "i am so proud and feel so good," says this woman. with little fanfare and a fraction of the budget, chinese startup deepseek released an ai model that performed as well or better than any in the west. louis gave has studied the chinese economy for more than 30 years. how did deepseek pull this off? >> i think people are still trying to figure it out. what china has just proven is that if you build a 10-foot wall, they can invent an 11-foot ladder. >> reporter: shocking tech giants like openai, google, amazon, and meta, and tanking nvidia stock on monday. >> what you just size china come in and say, hey, we can do ai, as well peered we can do it as well and for a fraction of the cost. >> reporter: since 2018, the u.s. has restricted the sale of high-end semiconductors and equipment to china, but despite the sanctions, deepseek has proven to be highl

trump: the release of deepseek ai from the chinese company should be a wake-up call for our industries that we need to be laser focused on competing to win. tom: it's bring in opening trade anchor kriti gupta for reaction. what do you make of the fact that trump called out deepseek in this address? what does it tell us to what extent this is a priority? >> it is a rare moment and unsurprising, rare in that a u.s. president does not comment on things that have crashed the stock market unless the collapse of lehman brothers is one example. it is a rarity for a politician to comment. that in itself is worth noting. unsurprising he has been warning about this chinese competition narrative on the campaign trail, in his first term as president, and now in his second. what is interesting is he has subscribed to this idea ahead of this selloff that you need a lot of money to make ai actually happened. you need to invest in data centers and talent. you can see he is approaching that with the deals, with up to 500 billion, for $200 billion with softbank trying to broker these deals at enormous s

and we're going to start with breaking news in our money lead and deepseek a relatively new chinese ai company, rattling u.s. stock markets today. the tech heavy nasdaq closing down more than 3%. deepseek is only one year old, but already claims it can keep up with other ai platforms such as chatgpt and at a fraction of the cost. let's get right to cnn's matt egan in new york. matt, why the panic by investors and why today? >> well, jake, wall street got rocked today by major developments on the ai front. the nasdaq losing more than 3%. and nvidia, which had been one of the hottest stocks on the planet, plunging 17%, losing more than $600 billion today alone. it's a staggering loss. and all of this was set off by a little known chinese ai startup called deepseek. deepseek stunning investors. and i would imagine officials in washington by saying that its new ai model can go toe to toe with chatgpt, google's gemini and other leading ai models. and here's the kicker. deepseek says that it's been able to do this without those next generation chips that nvidia makes, and at a fraction of the cost.

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wall street where tech stocks took a big hit yesterday due to a chinese-owned startup called deepseek and its new ai chatbot. the company created an artificial intelligence model in much less time and for much less money than u.s. companies. its ai assistant was apple's most downloaded free app yesterday. tech darling nvidia which makes chips that power ai lost nearly $600 billion in market value. that's the biggest one-day loss by a company ever. >> i actually think it is a good reality check because if anyone could come near what deepseek has done in terms of the cheaper basically training models, that's going to increase ai use cases. it is going to increase computing power, and that's actually a positive for u.s. tech. >> president trump called deepseek's breakthrough a wake-up call for american companies to be laser focused on competing to win. >>> newly released surveillance video could shed new light on what sparked the devastating eaton fire outside los angeles. attorneys for a homeowner whose house was destroyed are suing southern california edison for allegedly causing the fire. they say video from a gas stati

the firm's value fell by 17% as investors the release of deepseek ai from a chinese company to be laser—focusedack a very specific kind of answer, "i am sorry, i cannot answer that question." about tiananmen square today. the covid—19 vaccine. initiatives in the military. in the armed forces, the defence department and the homeland security department. based on readiness. our correspondent, david willis, has more military. of its political correctness. on friday by a tie—breaker vote — that after he had faced well for donald trump. this is an end to equal opportunities it's an end to the transgender recruitment policy that has ping—ponged around in recent years. from entering the us military. later axed byjoe biden. and this, of course, will be an end as well to this plan. he will also institute, i should say, a plan to reinstate about 8,000 former members of the us military now that was under the former defense secretary, lloyd austin. so this the start of a very radical shake up of the largest coca cola has recalled some of its canned and bottled drinks in several european countries after hig

meanwhile after a humdinger of a stock market sell off, all after a chinese ai company turned wall street upside down. >> release of deepseek.i. from a chinese company should be a wake-up call for our industries that we need to be laser focused on competing to win. >> ainsley: plus, doge is already at work. we will tell you how is cutting spending. >> lawrence: "fox & friends" starts right now. >> lawrence: buckle up. fox news alert. shocking drone video shows suspected mexican cartel members aiming rifles at border patrol. drone -- border patrol drone after opening up fire on agents on the u.s. side of the border. >> ainsley: that cross-border violence happening as new daily crossing numbers show the trump administration's crackdown is already working. >> steve: brooke singman has summarized it all and joins us with this report this morning. brooke? >> brooke: good morning, guys. new video being released by texas dps chris olivares on x last night. this footage taken after suspected mexican cartel members trading gunfire with u.s. border patrol agencies near fronten texas monday afternoon as a group of migrants tried inter

. >> the release of deepseek ai from chinese company should be wake-up all for our industries that welaser focused on competing to win we always have ideas always first, i would say, that is a positive, that could be very much a positive development so instead of spending billions and billions you will spend less come up with hopefully sameslugs under trump administration going to unleash tech companies going to dominate, the future like never before. >> some on wider ai race. >> do it choorp if you can do it less get same result, that is a good thing for us. >> ri concerned about china dominance? >> we will dominate every -- >> projects new tariffs to keep u.s. technology competitive. >> very near future going to be plague tariffs on foreign production of computer chips semiconductors, pharmaceuticals to return production of these essential goods to the united states of america. they left us, and went to taiwan, where which is about 98% of the chip business, by the way, and we want them to come back, we don't want to give them billions of dollars like this ridiculous program biden ha

the release of deepseek ai from a chinese company should be a wake-up call for are industries that wee laser focused on competing to win. caroline: let's talk about that competition. i have a feeling a lot are rushing to understand how they can use this cheap and innovative ai model. >> i think 2025 is the year for enterprises to get roi from ai efforts and the roi calculation just changed so that is the headline for businesses, which is use cases that were not possible a few weeks ago or even last week are now possible and i think we are about to see an explosion of ai experimentation and value delivery to organizations and enterprises. caroline: have this organizations been reticent because of where it was born in china? >> i have the same question and dove into this myself. i think it comes down to how you use these models. there are lots of ways to use open source models and ways to set up to be more secure and run locally on your own environment. in many ways is almost easier with open than closed source models, so everything comes down to the mentation of these models. that is i

. >> president trump: release of deepseek ai from a chinese company should be a wake-up call for ourer focused on competing to win. we have ideas and are always first, that could be a positive development. instead of spending billions, you will come up with hopefully the same solution. >> cheryl: a lot of reaction, sam altman says deepseek is impressive model around what they are able to deliver for the price. we will deliver better models. it is invigerating to have a new kc compet tor. google, microsoft, meta, you have been spending millions. think of ai as the internet, one of the biggest inventions in a decade. if you are spending millions and have u.s. companies, here comes china. they spent 6 million. did they steal the technology? fair question. if you go on to deepseek and try to ask about xi jinping, taiwan, sorry, can't answer those questions, this is still the ccp, this is still china. is it national security threat like tiktok? maybe. you got to ask that question. other side, does average person care? they don't care they are on tiktok that is controlled by china. they ar

. >>> the nasdaq was a major sell-off the chinese company deepseek of setting the entire race in ai. get into that in a little bit coming up. ♪ ♪ my name is brayden. i was five years old when i came to st. jude. i'll try and shorten down the story. so i've been having these headaches that wouldn't go away. my mom, she was just crying. what they said, your son has brain cancer. it was your worst fear coming to life. watching your child grow up is the dream of every parent. you can join the battle to save the lives of kids like brayden, by supporting st. jude children's research hospital . families never receive a bill from st. jude for treatment, travel, housing, or food, so they can focus on helping their child live . what they have done for me, my son, my family-- i'm sorry, yeah. life is a gift, especially for a child battling cancer. call or go online and help save another lives of children like brayden. now, i'm 11 years old. we were actually doing the checkup for my brain. and they saw something in my throat. it's thyroid cancer. it was heartbreaking to find out that he has canc

the release of deepseek ai from a chinese company should be a wake-up call for our industries that wefocused on competing to win. jonathan: president trump addressing concerns about deepseek after the chinese company's latest ai model rattled global markets. ed mills saying, "it places a spotlight on the effectiveness of u.s. tech export controls. president trump ordered a review on his first day in office. we expect that review ended deepseek announcement to be a catalyst for further restrictions in 2025." welcome to the program. let's go straight to that line. what kind of restrictions would you expect? ed: in december and january, the biden administration put out rules that put country by country caps on some of the chips that are allowed from nvidia to go to those countries to build up the data centers and go into the llm's. my expectation is that those rules could get tightened. there's a lot of questions i've gotten whether or not donald trump is going to overturn those rules. i do think that is going to happen. you look at his administration, marco rubio, mike walls, hawkish in

ai and much less expensive method. and that's good because you don't have to spend as much money. i view that as a positive. the release of deepseek ai from a chinese company should be a wake up call for our industries that we need to be laser focused on competing to win because we have the greatest scientists in the world we're joined now by sarah fisher, a cnn media analyst and a media correspondent for axios. >> all right, sarah, what's the wake up call here for the u.s. when it comes to dominance of this critical emerging technology? >> brianna. >> our big tech giants. >> have spent so many billions of dollars trying to gain a foothold in the ai industry. and the fact that our biggest economic and national security rival in china has been able to put forward a rival ai model for a tiny fraction of the cost that our tech giants have put together is absolutely stunning. and just to give you a sense of that scale, this new deepseek ai model was built with around $6 million of budget. that is nothing when you consider the fact that openai just raised $6 billion of venture capital for its latest round. it's a huge wake up call for the way that we have been

trump did weigh in on deepseek and the market craze basically saying yesterday that our tech titans should take this ai arms race seriously. >> the release deepseek i from a chinese companyuld be a wake-up call for our and does just that we need to be laser-focused competing to win because we have the greatest scientist in the world. even chinese leadership told me that. >> remember just days into his second term in office, president trump launched the stargate project which is a huge push to make the u.s. the leader in the entire world in ai with plans to invest up to 500 billion dollars. >> president trump says tech giant microsoft in talks to acquire tiktok the social media platforms future does remain uncertain and its parent company bytedance must divest with concerns about national security on january. 20th trump extended the apps, accessibility here in the united states. for 75 days for the 170 million americans who have tiktok several big companies and names have been rumored to take control of the social media giant, including oracle and elon musk. so microsoft also now in talks here. still ahead here at 3, a south bay restaurant known for. >> if customer spirit

. >> deepseek is the brainchild of a small group of researchers working for a chinese hedge fund -- fund manager. this is on par with ai from chatgpt and google. even though those companies dollars and years of development, deepseek did it cheaper and in a matter of months. but there are already concerns. the chinese based application will not answer any questions related to the ccp. we asked deepseek about the tiananmen square protests and got this quote, sorry, that is beyond my current scope. we also asked deepseek to tell us about the uighurs, a muslim ethnic group china has been accused of committing genocide against. of course there was a response with the several pages long with acknowledgement that is a contentious public. -- topic. once it was done with this response it disappeared and we got the same reply again. a national security concert it looks really bad. you touched on this, professionals are not too worried about security because deepseek is open source meaning you can take the cold and run it on your own computer if you have the power. it is not being sent back to china and the ccp. they are way more concerned with this means for american dominance and

did weigh in on deepseek and the market craze basically saying yesterday that our tech titans should take this ai arms race seriously. >> the release of deepseek i from a chinese company should be a wake-up call for our industries that we need to be laser focused competing to win because we have the greatest scientist in the world. even chinese leadership told me that. >> remember just days into his second term in office, president trump launched the stargate project which is a huge push to make the u.s. the leader in the entire world in ai with plans to invest up to 500 billion dollars. >> still ahead here on kron produced 2 doctors are seeing a rise in injuries this winter season. what they think is causing them. we're breaking in the past year. a decision from a south bay restaurant whether or not to stay open or close after this. and some new speed cameras are coming to san francisco. the difference that city leaders believe that they will make (vo) with fargo, your virtual assistant from wells fargo, you can access your fico® score in a snap. (daughter) what i would give to be able to make art on this scale! (dad) you will one day. but it's equally important for

company's ai platform, apple intelligence, also when new chips helped persuade customers to upgrade. and the results follow havoc in the us tech sector this week following the emergence of chinese ai sta rt—up deepseekhowever, in contrast to other giant us tech firms like nvidia, apple's stock hasn't taken a big in growth. forrester and began by getting his reaction to the numbers. quarter, it would be a solid b+~ — why not an a? there are two areas of concern. of apple's revenue. there's an expectation that there is an impending upgrade supercycle. and what that means is, give or take, 20% of apple and it hasn't happened that's the first. the second is you just heard is the china factor. steadily losing ground. throw into that mix the chinese government's antipathy, the impending trade policies. and the bright spot is the strong growth in services revenue. from icloud subscription, the app store, very roughly speaking, apple makes twice as much money on its services than it does on its devices. more sticky experience for customers. more money on apple. so it was positive news, but some areas for concern. to the us now, where the self imposed deadline set and mexico is closing in. speaking on thursd

so deepseek could do the same in the ai space, and at this hour millions of americans have downloaded it. so keep in mind here, chinese law requires companiesn intelligence gathering if it is requested by their government. >> maurice: okay, margaret brennan in washington thank you. >> john: there is another chinese threat to u.s. security and also involves high technology. >> maurice: jim axelrod shows you how chinese spies are using social media to get american military secrets. >> reporter: it was here on the sprawling seaside navy base in california where thomas zhao then a 26-year-old naval electrician admitted to passing sensitive documents to an undercover chinese intelligence officer. we obtained this recording of his confession. >> so why were you taking money from him? >> free money. it's just taking a couple of pictures print. >> he absolutely betrayed his country. >> reporter: sitting across from zhao on that day and 2023 ncis special agent brian noris. >> i think he over the past two years had a relationship he knew was nefarious. and i think that he was realizing he was finally caught. >> reporter: the gig was up? >> exactly. >

company chinese ownership sparking national security concerns that china could steal user data or manipulate content. tiktok says that is not true. concerns echoing around another chinese app, deepseek, an ai chatbot on the white house's radar. >> they are looking into what they may be. >> reporter: deepseek notes it collects user keystrokes and stores the information on chinese servers. >> you have been testing the app. >> let me tell you about one of the experiences. we asked deepseek about china's great firewall, the internet censorship and surveillance system, paused for a moment and spit out a lengthy answer. it was only visible for seconds and then wiped and replaced and asked to talk about something else. if you ask it about resume or recipe help it does complete those quickly. >> the message from an american holocaust survivor. we are with her on her first return to auschwitz 80 years later. now i sleep with inspire. inspire? inspire is a sleep apnea treatment that works inside my body with just the click of this button. a button? no mask? no hose? just sleep. yeah but you need the hose, you need the air, you need the whoooooosh... inspire. sleep apnea innovation. learn more, and v

chinese start-up. the ai program called deepseek is now the number one downloaded free app on iphone. what's worrying investors is that it appears to have quickly caught up with american tech companiesfront of ai development while at a fraction of the cost. taking a look at the markets, the dow finished the day in the grown on monday, beginning 289 points. but the tech heavy nasdaq took a beating, down a whopping 612 points and the s&p 500 was down 88 points. >>> up next on "cbs news roundup," wildfires in southern california have revealed a homeowners insurance crisis. even those dear employer, my name is phil martin. my name is michael ruscavage. ronaldo byrd zach deinzer i am writing to express my excitement at the opportunity to join your team. as someone on the spectrum. i possess a unique set of skills that set me apart from other candidates. my detail oriented nature allows me to communicate complex ideas. to breakdown data. to have no fear in meeting new people. i may communicate in ways that are different from what you are used to. structure, routine, and clear expectations help me do my best work. my autism allows me to have a perspective that needs to be seen and heard. i

chinese companies are catching up very fast at thank that's the point. i would say we haven't lost our leadership here to deepseek models with capabilities of the ai one modelnths ago they are hot on our heels here and i think you basically have somewhere between three and six month lead on it but they are catching up very fast. i think president trump is entirely right to be concerned that they are catching up and we want to do everything we can to maintain our ai leadership and dominance. >> martha: we heard about this hundred billion dollar investment in stargate by allison and softbank and sam altman. one of the questions is are we spending too much? this version is cheaper and apparently it was much faster to train and build, david. >> yeah, i mean this is where deepseek's innovation is they've managed to get more efficiency out of chips. squeezing more juice out of the chips and they kind of have to because the export control is limited with advanced chips going to china they have had to learn to be more efficient. that being said there are still great if i'd -- advantages to having a lot of chips back and a norma's number of chips. i think this is an

chinese researchers who work at deepseek, they have found ways to do it much more efficiently. meaning they can produce very highly capable ai software at a fraction of the cost of what american companiesen spending. geoff: deepseek says it took them only two months and less than $6 million to create this model it uses, which raises the question, washington banned the export of advanced technology to china so it could not have an upper hand in the u.s.-china battle for tech supremacy. how did china make an end run around that? gerrit: the way you make something like chatgpt's you take a huge amount of data and yo run it through a bunch of really advanced computer chips, most of which are made by the u.s. company nvidia. those computer chips are really expensive and everyone has been scrambling for them. the goal of slowing down the chinese ai industry, the biden administration put strict controls on next boarding those chips to china.; there has been a quite a bit of reporting. the biden administration before leaving office admitted that chinese companies were still able to find ways to buy chips either through buying them through 30 countries or smuggling them in. geoff: the deepseek

chinese ai tool called deepseek is threatening the u.s. dominance of this emerging technology and sending ripples through financial markets. the tech heavy nasdaq has been dropping much of the day after the startup company announced it's made stunning advances. nasdaq down currently about 700 points. cnn's matt egan joins us now. matt, you saw the numbers there for the nasdaq. obviously, deepseek is concerning for some of these western ai firms that have spent billions of dollars trying to grow their models using way more advanced chips. the chinese did it for a fraction of the price, with inferior technology. yeah. >> boris, this has been. >> a. real wake. >> up call for investors. it's really forcing wall. street to rethink what had been the hottest part of the stock market, and that is ai. of course. so this little known chinese startup says that it has developed an ai model that can basically go toe to toe with the leading ai platforms on the market right now, like google's gemini and chatgpt. and that in itself, of course, is stunning. but the real kicker is that deepseek says that it was able to do this without a those cutting edge computer chips, and b at a fraction of the cost. they say that the

not necessarily a challenge to the ai revolution, whether we are moving from the chips to the application. annmarie: no u.s. global company will use chinese deepseekure. is it even real? do you want to rely solely on this chinese startup when there is a ton of questions about everything coming out of china? jonathan: chinese startup deepseek raising questions over america's tech dominance. looking back a week ago, looking out a week, here we are. this one has really spooked equity markets worldwide. i expect it might've spooked some people in washington as well, what are you hearing? henrietta: all eyes are really on the attention to the phase one trade agreement that was reached under trump's first term in february, 20 20 and had mostly an emphasis on agriculture purchases. all of this tech stuff, all of the components we are talking about now including state subsidization is something that is not included in the phase one deal. the first issue when i think of d.c. and how they are prepared to respond since the senate is dealing with nomination and the houses on recess, what will happen from the administration's perspective? they are reengage in

chinese tech giant alibaba has released a new version of its ai model. the company is claiming the model outperforms openai, microsoft and deepseek. contest to accrue developers to use tools. it's last prices to win over more users -- it slashed prices to win over more users. fashion and leather goods sales fell in the fourth quarter. despite the declines, tiffany sales were up and louis vuitton hundred strong start with double-digit growth. the ceo says he predict a booming u.s. market. that is your brief. jonathan: thank you. more from dani in 30 minutes. up next, tech earnings. >> what causes u.s. exceptionalism? it is tech innovation. the highest earning companies are in america. please big names are not an obvious loser to me. the top five names have access to the software and the interaction with their clients. volume can actually sustain them. jonathan: in just a moment we will catch up with nicolai tangen, ceo of the norwegian sovereign wealth fund on tech concentration. that conversation is just around the corner. live from new york city, and good morning. ♪ jonathan: a snapshot of the price action. equity futures just ab

but the us president said china's ai growth might actually be a positive for america. >> the release of deepseek ai from a chinese company a wake up call for our industries that we need to be laser focused on competing to win. >> that's the news on gb news. i'll be back with you in around half an hour. now though, it's over to westminster and martin. >> for the very latest gb news direct to your smartphone, sign up to news alerts by scanning the qr code or go to gbnews.com/alerts. >> thank you sam. now astonishing figures out today because the uk's population is set to rocket to 72.5 million by mid 2032. don't forget that's only just over seven years away. the projection released today by the office for national statistics , is driven almost statistics, is driven almost entirely by net migration, with a 5 million net increase in the next ten years. now let's bring in gb news political editor chris hoban. i'm also joined in the studio by reform uk's mp for ashfield, lee anderson, and the political commentator matthew stadler. and i predict the fur is going to fly. before that, chris, let's look at the data. mind blowing d

. >> and panic across western tech markets as chinese ai company develops the most downloaded app in america. state of the art deepseekas been produced for a fraction of the cost of american companies, and donald trump has raised the alarm bell. >> the release of deepseek ai from a chinese company should be a wake up call for our industries that we need to be laser focused on competing to win. >> why are we seeing a decline in traditional british pie and mash shops in the capital.7 >> well, it's a busy day of stories in this side of the atlantic. the other side of the atlantic, and in our pie shops too. but it's the population question that i think is leading the show really today? 5 million more people by 2032. it's an extraordinary rise. >> well. and also. well look at us now in this country. we don't really have the facilities to even deal with the population we have now. if you've ever tried to get a doctor's appointment, or if you're looking at the school situation, all of those things that we are dealing with on a daily basis, 5 million more people, we don't even have homes, houses. and lorraine has 1.5 million

mrtrump said the success of the app should the chatbot launched by the chinese firm, the release of deepseek ai from a chinese companyd be a wake—up call for we be laser focused on to win because we competing to win because we have the scientist in have the greatest scientist in the world, even fold _,, told me air; that, 77 7 told me that, they leadership'toldme that. they you have leederehiptotdme that. they you have most leederehiptotdme that. they yol scientists most leederehiptotdme that. they yol scientists in )st leederehiptotdme that, they yol scientists in the brilliant scientists in the in seattle and various world in seattle and various places. silicon valley they deepseek is the new ai service by a company prav’njea by'a'chinese cam. pa ny causing huge prpv'njea by'a'chinese cam. pa ny causing huge ramifications. we saw massive on 7777on7w5u 7 7 on wall street down 70%, main shares down 70%, japan. main. is down i% and some of market is’dpwn t'tt'anci'spr'ne pf biggest losers other 777 stocks, technology stocks, interestingly share markets elsewhere in asia closed a public holiday notably in far a pbblic

ai efforts. our asia business correspondent has more. deepseek sought to dig up on the apple app store. deepseek is a chinese companyt week it rolled out a free assistant which users lower cost chips and less data. that could challenge a wide spread bet in financial markets that al bet in financial markets that ai will drive investment and demand as a supply chain from chip makers to data centres. it also raises a lot of questions about the sky—high valuation of the likes of nvidia. shares of nvidia have risen 196% since the start of 2024. that might be one of the reasons we are seeing the nasdaq futures come down. analysts say may be such powerful ai technology is possible after all on more cost—effective chips. little is known about deepseek, but there are lots of reviews on apple because mac app store and the google play store praising its transparency and that is because its model explained its reasoning behind answers to prompts and queries. around the globe and across the uk, this is bbc news. hello, good to have you back here with us at auschwitz—birkenau. it was 80 years ago today that we saw allied troops r