Tech mogul doubts DeepSeek claims, says US media fell for 'CCP propaganda'
Published On Jan 28, 2025, 6:09 PM
Palmer Luckey, founder of Anduril Industries, expressed skepticism about claims made by the Chinese AI startup DeepSeek, which suggests its AI technology is competitive despite a significantly lower development cost compared to U.S. models. He criticized the U.S. media for uncritically reporting these claims, arguing that they were misled and have inadvertently promoted propaganda that undermines U.S. tech companies. Luckey acknowledged that while DeepSeek has made impressive advancements, investors should approach the company's claims with caution, particularly in light of the competitive dynamics between U.S. and Chinese technology sectors.
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Palmer Luckey's comments reflect broader concerns in the market about the competitive threat posed by Chinese tech firms, which can lead to volatility in U.S. tech stocks. While this skepticism can temper enthusiasm for AI advancements reported by companies like DeepSeek, it may also present opportunities for strategic investments in U.S. tech, particularly in firms closely associated with AI innovation and defense technology.
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