Louis-Vincent Gave

Louis-Vincent Gave is founding partner and chief executive officer of Gavekal

Has DeepSeek popped the AI bubble?

The arrest of Huawei’s chief financial officer Meng Wanzhou in Canada in 2018, and the ensuing United States ban on high-end semiconductor exports to China, transformed Donald Trump’s “trade war” into a “tech war”. At the time, the US clearly felt it had a comparative advantage in technology, and that if it had to fight