Cathie Wood: DeepSeek's Impact on the US Tech Industry, Trump Might Like This Competition

BlockBeats News, January 29th, Cathie Wood, Founder and CEO of Ark Investment Management, stated in a recent interview: "DeepSeek is impacting the U.S. tech industry, but competition is a good thing. I believe competition is beneficial for the U.S., cost reduction is beneficial for the world, and the decreasing cost of innovation should help all regions of the world. This field is forming a tug of war."

U.S. artificial intelligence is like the early 1990s internet. We don't even know what we have, although we were excited back then, it is not yet time for strict regulation. Trump may like competition in the tech industry. Regarding Bitcoin, the U.S. will gain significant clarity in regulation and legislation. Additionally, the executive branch strongly supports the crypto industry. For example, Bitcoin being included in the national treasury reserve has received support from U.S. government agencies, which is a significant change." (Bloomberg)