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The Fox News Rundown

Extra: A "Sputnik Moment" That Hastened The AI Arms Race

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.41.5K Ratings

🗓️ 2 February 2025

⏱️ 17 minutes

🧾️ Download transcript

Summary

This past week began with a tech selloff as Chinese AI startup DeepSeek spooked investors worldwide. Chipmakers Nvidia and Broadcom were the stocks most impacted, as DeepSeek's AI virtual assistant "R1" was reportedly made much cheaper and faster than its American competitors. Entrepreneurs and policymakers worry DeepSeek could be a modern-day “Sputnik moment” and a sign that America is falling behind in the AI race. Adam Thierer, a senior fellow for the Technology & Innovation team at the R Street Institute, joined host Jessica Rosenthal to discuss the importance of America remaining a global leader in artificial intelligence. On the FOX News Rundown Extra, hear their full discussion about why the emergence of DeepSeek should serve as a wake-up call for our country. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:50.3

At the beginning of this week, Chinese artificial intelligence startup Deepseek caused quite a stir, as many Americans began to worry that our nation was losing its competitive advantage when it comes to our innovations in AI.

1:03.1

On Wall Street, the early indicators had many investors panicking and dumping their shares of Navidia and other AI-focused tech giants.

1:10.4

In Silicon Valley, businesses

1:11.9

were realizing that AI models may not be so expensive and time-consuming to develop.

1:16.9

And in Washington, it served as a reality check for those in power that AI policy may need

1:21.8

steep changes going forward if the United States wants to remain the global leader when it

1:26.2

comes to this cutting-edge technology.

1:28.4

Earlier this week, the rundown's Jessica Rosenthal spoke with Adam Thierer,

1:32.4

a senior fellow for the technology and innovation team at the R Street Institute.

1:36.4

On this Fox News rundown extra,

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