No, it was not a “Sputnik moment”. The launch last month of DeepSeek R1, the Chinese generative AI or chatbot, created mayhem in the tech world, with stocks plummeting and much chatter about the US losing its supremacy in AI technology. Yet, for all the disruption, the Sputnik analogy reveals less about DeepSeek than about American neuroses. The original Sputnik moment came on 4 October 1957 when the Soviet Union shocked the world by launching Sputnik 1, the first time humanity had sent a satellite into orbit. It was, to anachronistically borrow a phrase from a later and even more...