The head of artificial intelligence and cryptocurrency under the new Trump administration, David Sacks, addressed the DeepSeek crisis stemming from China. DeepSeek, a Chinese language model competing with OpenAI's ChatGPT, is believed to be using GPUs that are restricted due to US sanctions. As a result, the rise of DeepSeek has caused US technology company stock prices to plummet, which in turn impacted the cryptocurrency market. Sacks acknowledged the intense competition in the artificial intelligence race and expressed confidence in the US's capabilities, but advised against complacency.



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