China's shocking DeepSeek AI pops US Big Tech monopoly bubble

Chinese AI company DeepSeek shocked the West with a groundbreaking open-source artificial intelligence model that beats huge Silicon Valley Big Tech monopolies. The US government is already trying to ban it, like TikTok, using "national security" as an excuse. Ben Norton explains.

Check out our related video on the biggest bubble in the history of the US stock market: https://www.youtube.com/watch?v=rguHublkxCQ

Sources and links here: https://geopoliticaleconomy.com/2025/01/29/china-deepseek-ai-big-tech-bubble/

Topics
0:00 China's Sputnik moment
1:05 DeepSeek beats US Big Tech
2:20 Open source R1 model
3:18 US tech stocks crash
5:27 US stock market bubble
6:55 Magnificent 7
8:26 Billionaire oligarchs
10:48 USA bans Chinese competitors
13:34 Data privacy and spying?
15:35 Cyber attacks
16:33 US tech war on China
19:36 China "can't innovate"
22:02 China's rapid tech progress
24:49 Tech race in new cold war
26:32 Outro