DeepSeek is breaking global markets and narratives. A few initial thoughts: 1. Key breakthrough: the model has achieved what many deemed impossible — an on par performance with Open AI models, with a ~97% cost reduction in training. 2. Open Source revolution: the model is OPEN SOURCE and FREE TODAY. This changes everything — the economics of performance and competition just went to the next level. 3. Nr 1 in app stores worldwide: given its quality and performance, the app has skyrocketed in adoption, reaching a tipping point globally. 4. Industry disruption: OpenAI, Meta, and Google are scrambling. To stay relevant, they’ll need to act fast or risk being left behind. 5. Deepseek R1 is AI's Sputnik moment (@pmarca): US vs China technological arms race has just shifted the gear upwards. Expect the speed and scale to accelerate. Considerably. This is why markets are repricing companies and entering aggressive discovery mode globally. The game has changed. Everything is up for grabs.