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Open this photo in gallery: DeepSeek, a relatively unknown Chinese AI startup, has upended expectations with a new model that rivals the best in the world - yet which it says cost only US$5.6-million to train, about a one-10th of what was previously thought necessary.Dado Ruvic/Reuters Joà«l Blit is a professor of economics at the University of Waterloo, the chair of the Council on Innovation Policy, and a senior fellow at the Centre for International Governance Innovation. AI's revolution won't arrive with a bang. It will seep in slowly, reshaping industries over decades rather than years. The steam engine, electricity…
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