The R1 model from DeepSeek has quickly become the most downloaded free app in the US following its launch, sparking concerns about the future of American AI dominance and prompting US firms to reassess their investment strategies. US President Donald Trump has characterized DeepSeek's rapid ascent as a 'wake-up call' for the US tech industry, underscoring the importance of maintaining competitiveness. DeepSeek asserts that its model can be trained at a notably lower cost compared to its American counterparts, a claim that has led to skepticism from figures like Elon Musk and Sam Altman. Having been established in 2023 in Hangzhou, China, DeepSeek has outperformed ChatGPT in downloads, fueling discussions about its potential impact on the AI market.