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China is celebrating DeepSeek’s impact, as DeepSeek’s rise has turned out to be a huge boost for the Chinese government, which has been seeking to build tech independent of the West.
While the Communist Party is yet to comment, Chinese state media was eager to note that Silicon Valley and Wall Street giants were “losing sleep” over DeepSeek, which was “overturning” the US stock market.
“In China, DeepSeek’s advances are being celebrated as a testament to the country’s growing technological prowess and self-reliance,” says Marina Zhang, an associate professor at the University of Technology Sydney.
“The company’s success is seen as a validation of China’s Innovation 2.0, a new era of homegrown technological leadership driven by a younger generation of entrepreneurs.”
But she also warned that this sentiment may also lead to “tech isolationism”.
