In recent days, China’s AI startup, DeepSeek, has made waves after launching a generative AI chatbot that reportedly rivals the capabilities of leading US companies, but for a fraction of the investment.

He added, "But mostly we are excited to continue to execute on our research roadmap and believe more compute is more important now than ever before to succeed at our mission. The world is going to want to use a LOT of ai, and really be quite amazed by the next gen models coming."

News from China upset U.S. markets Monday and disrupted the frenzy that had built up around artificial intelligence.