Pro-XRP Lawyer Criticizes DeepSeek Privacy Policy Amid Security Concerns
DeepSeek, a Chinese AI company, is facing scrutiny over privacy and security issues. Key points include:
- The US Navy has prohibited its personnel from using DeepSeek due to ethical concerns.
- Jeremy Hogan criticized the company's privacy policy, claiming it allows extensive data collection without user privacy.
- Ripple CTO David Schwartz acknowledged privacy concerns but compared them to past terms of another site, suggesting they are not unprecedented.
- Following DeepSeek's release, shares of Nvidia and Broadcom dropped by 17%, erasing $800 billion in market value and contributing to a 3.1% decline in Nasdaq.
Political and Industry Reactions
- President Donald Trump labeled DeepSeek a "wake-up call" for US companies to improve competitiveness.
- David Sacks supported Trump's rollback of Biden-era restrictions on US AI companies, emphasizing the competitive nature of the AI landscape.
- Nvidia praised DeepSeek as an excellent advancement in AI technology.
- Marina Zhang noted that DeepSeek's success reflects China's growing tech strength and innovation.