What DeepSeek V4 signals for the global AI race beyond computing

China's DeepSeek AI startup has unveiled its latest model, reportedly at just a fraction of the cost of comparable U.S. systems. Could that price edge help it win over users? Reports say the launch was delayed to align with Chinese-made chips, marking a shift toward domestic hardware. Is that trade-off worth it? And after a stark warning from Nvidia's CEO and fresh pressure from Washington, what does this moment mean for DeepSeek's global presence? Host TU Yun joins Thorsten Jelinek, a research fellow at the Hertie School's Center for Digital Governance, Berlin, Germany. He is currently a visiting professor at the Aerospace Information Research Institute of the Chinese Academy of Sciences; Dr. Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation; and Josef Mahoney, a professor of politics and international relations at the East China Normal University to break down what DeepSeek V4 signals for the AI race beyond compute.