DeepSeek is an AI chatbot developed with limited resources but has gained popularity, becoming the most downloaded free app on the Apple App Store.The launch of DeepSeek caused a significant decline in tech stocks, wiping off over $1 trillion from the Nasdaq index.The Chinese government recognizes the impact of DeepSeek, indicating China's ambition to lead the global AI race.DeepSeek challenges the notion that cutting-edge AI development requires massive investments and inspires optimization-focused strategies.