INSIDE CHINA, DEEPSEEK PROVIDES A NATIONAL MIC DROP MOMENT

Summary from the TLDR newsletter

The news that a Chinese startup could build artificial intelligence models as good as OpenAI's at a fraction of the cost tanked the stock market and sent Silicon Valley into a panic. DeepSeek's achievement was a testament to China's ability to innovate, especially when faced with efforts to limit the country's access to the most advanced technologies. The company's rise may be putting it in an awkward position - China has been cracking down on the tech sector in recent years as it is wary of tech companies' growing influence. Investors are hoping the government will refrain from interfering with DeepSeek.