KEVIN O'LEARY: China has fired the first shot in the AI wars... this is my urgent warning to every American with a smartphone

The Artificial Intelligence wars have begun.

China fired the first shot.
On Monday, $1 trillion in stock market value was wiped off the books of American tech companies after Chinese startup DeepSeek created an AI-tool that rivals the best that US firms have to offer – and at a fraction of the cost.

DeepSeek claims its engineers trained their AI-model with $6 million worth of computer chips, while leading AI-competitor, OpenAI, spent an estimated $3 billion training and developing its models in 2024 alone. 

What's more, DeepSeek says they accomplished this feat with relatively dated technology. (US sanctions deny the Chinese the world's most advanced chip tech.)
That news landed on Wall Street like a ton of bricks. This is the first time that China has beaten the US to a major AI discovery.