This week, China shocked the West with its announcement of DeepSeek, an artificial intelligence network capable of competing with OpenAI, Meta, and Google.

The fact that China was able to develop DeepSeek without a heavy supply of sophisticated microchips from Nvidia sent Nvidia stock spiraling, along with the other major tech companies in the United States: China seems to have cracked the code to bringing down the cost of AI development radically, in the process ending-around sanctions against its access to those microchips.

In the words of former Intel Chief Executive Pat Gelsinger, “Engineering is about constraints. The Chinese engineers had limited resources, and they had to find creative solutions.”

Now, it remains to be seen just how revolutionary DeepSeek’s development was. China has a bad habit of both stealing intellectual property and lying about its own technological development. Suffice it to say, however, that China has........

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