Tom Wheeler discusses the implications of DeepSeek's announcement of a new AI model, which rivals U.S. models at lower costs. He argues that this development shouldn't lead to reduced oversight of Big Tech but rather emphasize the need for competition in the AI sector. The narrative that monopolies drive innovation is challenged, as history shows that disruptive startups typically lead to groundbreaking advancements. Wheeler insists that the U.S. must prioritize protecting innovation to maintain leadership in technology rather than protecting monopolistic interests.
DeepSeek's announcement demonstrates that we must protect American innovation and prioritize competition over empowering monopolies if we want to maintain a leading position in AI.
The prevailing belief that enabling big tech to acquire smaller firms fosters innovation overlooks the reality that startups often spearhead significant breakthroughs.
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