28.01.2025 16:10
Speaking about the China-based artificial intelligence application DeepSeek R1, which caused a loss of 1 trillion dollars in the US stock market in a single day, Trump said, "I think this is a good thing for us."
U.S. President Donald Trump answered questions from reporters on the Air Force One plane. In response to a question about the China-origin DeepSeek R1, which has shaken the U.S. stock market, Trump said, "It could be positive for the U.S."
"A GOOD THING FOR US"
Trump commented, "If you can do this cheaper, if you can do it with less and still achieve the same result, I think that’s a good thing for us."
HAD USED SIMILAR EXPRESSIONS
Trump had made similar statements during a party meeting in Florida with Republican members of Congress, saying, "If this is true, which nobody knows if it is or not, I see it as a positive thing because you will do it too. This way, you won’t spend too much, and I hope you will get the same result."
$1 TRILLION LOSS IN VALUE
The Chinese tech initiative DeepSeek's artificial intelligence project DeepSeek-R1 became the most downloaded application in the U.S. with its low-cost and open-source AI model, causing Nvidia shares to lose 12%, and Meta and Alphabet shares to drop by over 5%. The company had caused a total loss of $1 trillion in value for the U.S. stock market in a single day.