Is the DeepSeek Panic Overblown?

This week, leaders across Silicon Valley, Washington D.C., Wall Street, and beyond have been thrown into disarray due to the unexpected rise of the Chinese AI company DeepSeek. DeepSeek recently released AI models that rivaled OpenAI’s, seemingly for a fraction of the price, and despite American policy designed to slow China’s progress. As a result, many analysts concluded that DeepSeek’s success undermined the core beliefs driving the American AI industry—and that the companies…