
NVIDIA was blood red. President Trump warned it was a “wake up call.” More than $1 trillion had been wiped from Wall Street. Overnight. The AI arms race was finally front and center. On the eve of Lunar New Year, Chinese hedge fund billionaire Liang Wenfeng had a surprise for the West that no one saw coming. Liang’s Hangzhou-based DeepSeek AI lab had bested America's finest in front of the whole world, and they'd done it on a bootstrap budget. Perplexity CEO Aravind Srinivas called it “DOGE for AI.” “What...