This photograph taken on January 20, 2026 shows the logo of US based payments technology company Circle in the Alpine resort of Davos during the World Economic Forum (WEF) annual meeting. The World Economic Forum takes place in Davos from January 19 to January 23, 2026. (Photo by INA FASSBENDER / AFP via Getty Images)

(FILES) This photograph shows a logo of French IT company Capgemini at the Capgemini headquarters in Paris on June 25, 2019. French IT giant Capgemini is considering "up to 2,400 job cuts" through redeployments and voluntary departures in response to the slowdown in its business in France, it announced on January 20, 2026 in a statement to AFP. (Photo by ERIC PIERMONT / AFP via Getty Images)

This aerial photograph taken on January 14, 2026 shows the building housing the headquarters of Chinese AI startup DeepSeek in Hangzhou, in China's eastern Zhejiang province. Before DeepSeek shook up the tech world and put Chinese AI on the map, Wu Chenglin's own startup DeepWisdom had nearly folded three times -- but in the past year it has raised $30 million. (Photo by Jade GAO / AFP via Getty Images)

This aerial photograph taken on January 14, 2026 shows the building housing the headquarters of Chinese AI startup DeepSeek in Hangzhou, in China's eastern Zhejiang province. Before DeepSeek shook up the tech world and put Chinese AI on the map, Wu Chenglin's own startup DeepWisdom had nearly folded three times -- but in the past year it has raised $30 million. (Photo by Jade GAO / AFP via Getty Images)

This aerial photograph taken on January 14, 2026 shows the building housing the headquarters of Chinese AI startup DeepSeek in Hangzhou, in China's eastern Zhejiang province. Before DeepSeek shook up the tech world and put Chinese AI on the map, Wu Chenglin's own startup DeepWisdom had nearly folded three times -- but in the past year it has raised $30 million. (Photo by Jade GAO / AFP via Getty Images)

(FILES) The logo of Chinese artificial intelligence startup DeepSeek is displayed at its office in Hangzhou, in China's eastern Zhejiang province on February 5, 2025. Before DeepSeek shook up the tech world and put Chinese AI on the map, Wu Chenglin's own startup DeepWisdom had nearly folded three times -- but in 2025 it has raised $30 million. (Photo by AFP via Getty Images) / China OUT

(FILES) This photo illustration shows the logo of Chinese artificial intelligence startup DeepSeek, displayed over its mobile application in Beijing on January 28, 2025. Before DeepSeek shook up the tech world and put Chinese AI on the map, Wu Chenglin's own startup DeepWisdom had nearly folded three times -- but in 2025 it has raised $30 million. (Photo by Pedro PARDO / AFP via Getty Images)

(FILES) This photo taken on September 1, 2025 shows the letters AI (artificial intelligence) flashing from a laptop screen (R) next to the logo of Chinese AI startup DeepSeek, displayed over its mobile application in Frankfurt am Main, western Germany. Before DeepSeek shook up the tech world and put Chinese AI on the map, Wu Chenglin's own startup DeepWisdom had nearly folded three times -- but in 2025 it has raised $30 million. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)