Forget about top business stories of the week. The unveiling of China’s DeepSeek AI model last month may be remembered as one of the top business stories over the past year and beyond – and its significance is only now sinking in on Wall Street. From Reuters: “DeepSeek’s ‘Sputnik moment’ prompts investors to sell big AI players.”  …  Still waiting to see how this plays out in Boston’s tech world. But judging from this WSJ piece, it’s going to involve a certain amount of awe : “Silicon Valley Is Raving About a Made-in-China AI Model.” …  I missed this Fortune story from last week (warning: long headline): “The U.S. just pledged hundreds of billions to protect its AI leadership. A Chinese startup with a ‘joke of a budget’ may have already undercut those hopes.”

P.S. – For all you young ones: We went through something like this many moons ago.