*US President Donald Trump has called the rise of Chinese company DeepSeek "a wake-up call" for the US tech industry* - Trump labels DeepSeek's R1 AI model as a "wake-up call" for US tech, warning of its disruptive potential. - Nvidia lost nearly $600bn (£482bn) in market value; Asian markets also affected. - DeepSeek-R1 claims parity with leading AI models at a fraction of the cost, training for $6m (£4.2m) versus billions by rivals. - Founded by Liang Wenfeng in 2023, DeepSeek leverages hardware efficiency and software ingenuity, using 2,000 specialized chips compared to 16,000 needed by others. - Critics, including Elon Musk, challenge DeepSeek’s claims amid US chip export restrictions to China. https://www.bbc.com/news/articles/c4gpq01rvd4o