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DeepSeek or Deepfake? What to Make of China’s AI Initiative

DeepSeek or Deepfake? What to Make of China’s AI Initiative
The icon for the DeepSeek app is seen on a smartphone screen in Beijing, on Jan. 28, 2025. Andy Wong/AP Photo
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Commentary

During the 19th century, the Industrial Revolution was facilitated by a new form of technology: railroads. By 1890, an estimated $10 billion ($347 billion in today’s value) had been raised for the railroad industry in public stock offerings and private financings. We are living through a similar speculative bubble in the development of the latest transformative technology: artificial intelligence (AI).

Michael Wilkerson
Michael Wilkerson
Author
Michael Wilkerson is a strategic adviser, investor, and author. He's the founder of Stormwall Advisors and Stormwall.com. His latest book is “Why America Matters: The Case for a New Exceptionalism” (2022).
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