DeepSeek and Masa Son have lessons for Stargate
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That’s a simplistic read on the past week’s biggest global AI news. What’s clear is that US tech giants have entered panic mode, and global tech stocks are taking a beating, as mainstream news outlets react to Chinese AI lab DeepSeek’s prowess. Its latest model emerged as the talk of the town from Silicon Valley to Davos, and on Monday, DeepSeek’s AI Assistant overtook OpenAI’s ChatGPT on Apple Inc.’s US App Store. I’ve had my eye on DeepSeek for a while, writing back in June that its strength suggests Washington’s attempts to hold China back in this race could backfire. It’s now showing the world that breakthroughs can happen on, as one OpenAI founding member dubbed it: “A joke of a budget.”
As DeepSeek went viral, President Donald Trump, with tech titans Sam Altman, Masayoshi Son, and Larry Ellison unveiled “Stargate” — an audacious, detail-sparse plan that aims to maintain US dominance in the emerging technology. Trump said the project would spend “at least” $500 billion in building out AI infrastructure and create 100,000 American jobs “almost immediately.”
There’s a lot to unpack with Stargate, which seems to bring out all the AI sector’s wrongs. An investment that big adds even more hype to the technology that hasn’t always proven its broader utility. It’s
