The Banking Executive Magazine - February 2025 Issue

DeepSeek’s Rise The emergence of the Chinese com- pany DeepSeek has sent ripples across the artificial intelligence (AI) landscape, disrupting the domi- nance of tech giants in the sector and carrying profound geopolitical implications for global markets. By implementing best practices that have fueled its success, DeepSeek has positioned itself as a formidable player in the AI industry. Recogniz- ing this model's potential, the Union of Arab Banks urges the Arab world to draw lessons from DeepSeek’s journey to cultivate homegrown technology leaders. the BANKING EXECUTIVE 8 ISSUE 194 FEBRUARY 2025 DEEPSEEK’S RISE: A GAME-CHANGER IN THE AI INDUSTRY AND GLOBAL MARKETS BY DR. WISSAM FATTOUH SECRETARY GENERAL, UNION OF ARAB BANKS AND WORLD UNION OF ARAB BANKERS