| DeepSeek has also moved into first place on Apple’s app download charts, surpassing ChatGPT in the process.
Now, with major tech earnings coming up over the next two weeks, plus a new Fed meeting kicking off tomorrow, we’re seeing a new wave of panic come across Wall Street.
I’m currently talking with Nate and other experts about how to get you all an instant action plan, and we hosted a LIVE roundtable to give you our top expert insights — catch them all here.
In the meantime, there’s a bigger question about DeepSeek, which is how long it will be allowed to operate in the U.S. market at all.
The quick dominance of another Chinese company draws obvious parallels to TikTok, which the U.S. government has threatened with shutdown if it doesn’t divest itself of Chinese ownership (and, more importantly, Chinese Communist Party (CCP) influence).
Let’s be perfectly clear: if it emerges that DeepSeek, like TikTok, is a thinly veiled attempt for the CCP to gather information and control in the U.S. market, it will be shut down.
Given the price and timetable DeepSeek is claiming for developing its model, I think it’s fair to be more than a little suspicious.
Are DeepSeek following a not-so-hidden pattern of Chinese companies stealing tech and intel from American and other international businesses? Or are they being secretly supported and accelerated by the CCP?
Either feels very possible.
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