China's DeepSeek has US questioning AI innovation pace: Snowflake CEO weighs in

AI is developing at lightning-fast speeds. What is seen as game-changing on a Monday could be seen as behind the curve by Friday. Investors have been reminded of that this week as AI darling stocks such as Nvidia (NVDA) get punished on fears of DeepSeek. The China-based model maker that competes with OpenAI and Meta (META) has called into question the computing power that's needed to drive AI innovation. It has also raised concerns about whether the US is behind China in the great AI race. Yahoo Finance Executive Editor Brian Sozzi digs into this hot topic with Snowflake CEO Sridhar Ramaswamy. Snowflake’s technology is a key enabler of large language models, so the company has a prime seat to how fast the sector is moving and how. Ramaswamy shares his perspective on DeepSeek, and looks to put to bed the views Snowflake is being left behind in the AI race. Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. 00:00-Sridhar Ramaswamy on Opening Bid 02:15-DeepSeek rocks the AI community 07:15-Who else could rock the AI market? 11:20-How is Nvidia coping 16:15-AI guardrails and regulations 19:20-HOT TAKE Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky. Sridhar Ramaswamy is an Indian-American computer scientist and executive. He is the CEO of cloud-based data-warehousing company Snowflake Inc. since February 2024. Learn more about your ad choices. Visit megaphone.fm/adchoices