Scale AI CEO says China has quickly caught the U.S. with the DeepSeek open-source model

1. China's DeepSeek released a competitive AI model on Christmas Day. 2. DeepSeek's model rivals OpenAI's capabilities, intensifying the AI race. 3. China likely possesses more Nvidia H100 GPUs than expected under U.S. controls. 4. AI market projected to reach $1 trillion in revenues in a decade. 5. Joint venture announced for $100 billion U.S. AI infrastructure investment.