Why Chinese tech firm DeepSeek’s ‘Open AI’ should terrify Sam Altman

Since launching ChatGPT two years ago, OpenAI Chief Executive Sam Altman has maintained that his business is fueled by a few key ingredients: chips, data and money. The more of those three elements you shovel into his firm, like coal into a steam train’s furnace, the more powerful artificial intelligence it will produce. Enter a tiny company from China called DeepSeek to blow a hole in that formula, with an AI model that’s just as powerful and built for a fraction of the cost. But there’s more to this David and Goliath story than just one company — or even China.