DeepSeek is not just shaking up AI - it's also shaking up US capitalism

30th January 2025

The DeepSeek AI model challenges US capitalism at its very core - suggesting its whole model of creating value for a few by extracting maximum revenues from people as a result of the abuse of monopoly power might have to end.

DeepSeek is a Chinese AI company, and it is shattering the model of American capitalism, even as I speak.

The whole of the American economy is now wedded to big tech. Without big tech, there would be very little growth in the US economy.

Without big tech, there will be almost no growth at all in US stock markets. With big tech, there is both. And the myth that the American economy is in good shape is largely based upon the idea that the stock market is at record highs, and that's all down to the value of the hype around AI. Artificial intelligence, in other words.