Cathie Wood: DeepSeek brings shock to the American tech industry, Trump might like this competition

ChainCatcher news, according to Bloomberg, Ark Investment Management founder and CEO Cathie Wood stated in a recent interview: "DeepSeek has brought a shock to the American tech industry, but competition is a good thing. I believe competition is beneficial for the U.S., lowering costs is good for the world, and the decline in innovation costs should help all regions of the world. This field is forming a tug-of-war.

American artificial intelligence is like the internet in the early 1990s; we don't even know what we have. Although there was excitement at that time, now is not the time for strict regulation. Trump may like competition in the tech industry. For Bitcoin, the U.S. will gain significant clarity in regulation and will also achieve legislation. Moreover, the executive branch is very supportive of the crypto industry, such as the inclusion of Bitcoin in the Treasury reserves, which has received support from U.S. government departments. This is a huge change."