Cheaper artificial intelligence tools from China threaten to trigger a sudden sell-off in US tech giants betting on generative AI, according to the investment chief at one of Australia’s largest pension funds.
DeepSeek’s development has shown Chinese companies can make large language models that deliver a similar product for less, John Pearce, chief investment officer of A$158 billion ($104 billion) UniSuper, said at the Bloomberg Forum for Investment Management in Sydney on Wednesday.