Is AI the new arms race?

This week, a Chinese-made AI model called DeepSeek shot to the top of the Apple Store downloads – it stunned investors and sunk some tech stock. DeepSeek claims it was built at a fraction of the cost of American leading models. Chip-making giant Nvidia shed almost £482bn of its market value as a result.

What is DeepSeek, and what does it have to do with US-China relations? Freddy Gray is joined by Joe Weisenthal to explain exactly what’s happened with the AI platform DeepSeek, why it has sparked chaos in the US markets, and how it raises questions about the future of AI globally.