U.S. AI Policy and the DeepSeek Problem

(Source)   On January 20, 2025, the Chinese chatbot DeepSeek launched on the Apple and Android app stores, offering capabilities rivaling U.S. AI giants at a fraction of the development cost. Within a day, the S&P 500 slipped by over 1.2%, and Nvidia lost over $590 billion in market share. Within a week, downloads of