Cathie Wood: DeepSeek bringing impact to the US technology industry, Trump may like this kind of competition

Cathie Wood, founder and CEO of Ark Investment Management, said in a recent interview, 'DeepSeek is impacting the US technology industry, but competition is a good thing. I believe competition is beneficial for the US, and the drop in costs is beneficial for the world. The decrease in innovation costs should help all regions of the world. This field is forming a tug-of-war. AI in the US is like the early Internet in the 1990s. We don't even know what we have, although we were excited at the time. It is not yet time to regulate it strictly, and Trump may like competition in the technology industry. As for BTC, the US will gain significant clarity in terms of regulation and legislation. The administrative department also strongly supports the encryption industry. For example, the inclusion of BTC in the national treasury reserves has received support from US government departments. This is a huge change.'