Many fears of an AI bubble had hit a fever pitch at the start of this year when Chinese start-up DeepSeek released a competitive reasoning model.

OpenAI CEO Sam Altman cautioned that the U.S. may be underestimating China's progress in artificial intelligence, adding that export restrictions on advanced chips alone are unlikely to curb Beijing's expanding AI capabilities.

OpenAI CEO Sam Altman, a central figure in the world of artificial intelligence, recently reflected on the transformative potential of AI advancements, and particularly their impact on the next generation.