The AI Model That Tanked the Stock Market
Odd Lots28 Tammi 2025

The AI Model That Tanked the Stock Market

On Monday, the stock market tanked, seemingly in reaction to the emergence of DeepSeek, an open source AI model developed in China. Nvidia, the semiconductor giant that has been the largest winner of the AI boom, erased $589 billion in market cap, for the biggest one-day wipeout in US stock-market history. Other chipmakers and big tech giants also swooned. So how did DeepSeek do it? Is it a big threat to the American AI giants like OpenAI and Anthropic? What does this say about export restrictions on US chips? On this special emergency session of the podcast, we spoke with Zvi Mowshowitz, an AI expert who authors the excellent Substack, Don’t Worry About the Vase. He answered all our questions and more to help understand what it means.

Read more:
AI-Fueled Stock Rally Dealt $1 Trillion Blow by Chinese Upstart
World’s Richest People Lose $108 Billion After DeepSeek Selloff

Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

      See omnystudio.com/listener for privacy information.

      Jaksot(1183)

      Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI

      Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI

      When we last spoke to Marco Argenti, chief information officer at Goldman Sachs, we were talking about how the bank was deploying AI, including the development of its own internal tools. But that was ...

      30 Maalis 52min

      Anthropic, the Pentagon, and the Future of Autonomous Weapons

      Anthropic, the Pentagon, and the Future of Autonomous Weapons

      The last big story right before the war in Iran started was the collapse in the relationship between the Pentagon and Anthropic, with the latter objecting to any potential use of its models in either ...

      28 Maalis 51min

      Now There's a Helium Shortage and It Affects More Than Balloons

      Now There's a Helium Shortage and It Affects More Than Balloons

      Ripple effects from the war in Iran and the closure of the Strait of Hormuz continue to widen. There's yet another brewing shortage, this time in helium. While most people associate helium with balloo...

      27 Maalis 50min

      This Is How Big Money Is Trading the War in Iran

      This Is How Big Money Is Trading the War in Iran

      Markets are often said to be "headline-driven," but that cliché has rarely felt more true than it does right now. A single tweet or Truth Social post can send prices sharply higher or lower, and inves...

      26 Maalis 39min

      The Petrochemicals Shock That's Already Rippling Through Plastics

      The Petrochemicals Shock That's Already Rippling Through Plastics

      Everyone knows by now that war in Iran is curbing the flow of oil around the world. But oil isn't just a gasoline and jet fuel story, of course. It's also a crucial feedstock for a bunch of petrochemi...

      25 Maalis 53min

      David Shor and Byrne Hobart on the Politics of a White-Collar Wipeout

      David Shor and Byrne Hobart on the Politics of a White-Collar Wipeout

      Nobody knows when or if AI will lead to mass displacement of white-collar work. But the anxiety is clearly here now, and there's very little evidence that our politicians are taking it seriously. Of c...

      24 Maalis 55min

      What the Iran War Means for Dubai's Luxury Boom

      What the Iran War Means for Dubai's Luxury Boom

      Dubai has become a huge destination for the rich, with an influx of high-net-worth residents driving up property prices and boosting the UAE's tax revenues in recent years. And of course, Gulf countri...

      23 Maalis 55min

      Introducing: Leaders with Francine Lacqua

      Introducing: Leaders with Francine Lacqua

      What makes a leader successful? Francine Lacqua interviews top CEOs and global industry leaders for candid lessons on leadership, management, and the future of work.See omnystudio.com/listener for pri...

      22 Maalis 1min

      Suosittua kategoriassa Liike-elämä ja talous

      sijotuskasti
      mimmit-sijoittaa
      psykopodiaa-podcast
      rss-rahapodi
      rss-sisalto-kuntoon
      rss-rahamania
      ostan-asuntoja-podcast
      herrasmieshakkerit
      rahapuhetta
      sijoituspodi
      rss-lahtijat
      rss-karon-grilli
      oppimisen-psykologia
      lakicast
      rss-startup-ministerio
      rss-bisnesta-bebeja
      rss-paasipodi
      rss-yrittajan-mindset
      rss-viisas-raha-podi
      rss-draivi