Bloomberg reports that David Sacks, the White House director for cryptocurrency and AI affairs, warned on Wednesday that U.S. export controls have failed to significantly impede China's technological advancement. In an interview with Bloomberg Television, Sacks emphasized the need for the United States to be vigilant about the rapid progress of Chinese firms such as Huawei, which are swiftly catching up with international rivals. As a case in point, he highlighted China's launch of the groundbreaking AI model DeepSeek earlier this year, demonstrating technological strides despite export control measures.