Cathie Wood: DeepSeek brings 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 that competition is beneficial to the US, and lowering costs is beneficial to the world. The decrease in innovation costs should help all regions of the world. This field is forming a tug of war. The US artificial intelligence is like the early Internet in the 1990s. We don't even know what we have, although we were excited at that time. Now is not the time to strictly regulate it, 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 executive branch also strongly supports the encryption industry, such as the support of BTC being included in the national treasury reserve by the US government, which is a huge change.'