The next DeepSeek to disrupt the global artificial intelligence industry could also come from China. The country of 1.4 billion has seeded several promising AI startups and projects, while its leading internet players have spent years investing and developing the infrastructure to support such new ventures.

Following DeepSeek's breakthrough, investors seem to be coming to terms with the fact that developing AI is going to be cheaper than once thought. Here are the U.S. companies that are emerging as winners and losers.