The AI Model That Tanked the Stock Market
Odd Lots28 Jan 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.

      Avsnitt(1192)

      War in Iran Is Creating a Fertilizer Crisis Like Never Before

      War in Iran Is Creating a Fertilizer Crisis Like Never Before

      We all know that the war with Iran has sent oil prices spiking. But it’s also pushing up the cost of all sorts of chemicals, including fertilizers like urea, ammonia and other nitrogen products that a...

      11 Mars 30min

      Rory Johnston on How Oil Could Surge to Over $200 a Barrel

      Rory Johnston on How Oil Could Surge to Over $200 a Barrel

      Oil has obviously spiked massively since the start of the war with Iran. And if you look at various end products, such as jet fuel, the surge is even more extreme. And if the war is prolonged, or if t...

      10 Mars 36min

      Robinhood CEO Vlad Tenev on Tokenization and Prediction Markets for Everything

      Robinhood CEO Vlad Tenev on Tokenization and Prediction Markets for Everything

      Last year, we had Robinhood CEO Vlad Tenev on the podcast to talk to us about his company's plans to tokenize shares of private companies. The idea is that retail investors want to participate in hot ...

      9 Mars 51min

      Henry Blodget on the Software Selloff Hysteria and the Problem for OpenAI

      Henry Blodget on the Software Selloff Hysteria and the Problem for OpenAI

      A year ago, all of the talk was about how the big AI companies were wildly overvalued. Everyone was calling it a bubble. Fast forward to now, and a dominant idea in the markets is that AI is so powerf...

      7 Mars 45min

      Lots More on the Seaborne Chaos Around the Strait of Hormuz

      Lots More on the Seaborne Chaos Around the Strait of Hormuz

      With war breaking out in Iran, the price of oil is surging, in part due to the destruction of oil energy infrastructure, but also the ability of anything to get through the Strait of Hormuz. But it’s ...

      6 Mars 30min

      Former Goldman Sachs CEO Lloyd Blankfein on Why He Doesn't Tweet

      Former Goldman Sachs CEO Lloyd Blankfein on Why He Doesn't Tweet

      Lloyd Blankfein was CEO of Goldman Sachs for more than a decade, riding the trading boom to the top of the storied investment bank and steering it through the 2008 financial crisis. In his new memoir,...

      5 Mars 47min

      How the Speed of a Trade Got Down to Nearly the Speed of Light

      How the Speed of a Trade Got Down to Nearly the Speed of Light

      The average person can enter a stock trade on their computer, hit refresh, and the trade is done. As fast as that seems, there are professional traders moving even faster, executing thousands of trade...

      2 Mars 55min

      Introducing: Bloomberg This Weekend

      Introducing: Bloomberg This Weekend

      'Bloomberg This Weekend' features unique conversations on business, news, lifestyle and culture. Join David Gura, Christina Ruffini and Lisa Mateo Saturdays and Sundays for discussions with business l...

      1 Mars 1min

      Populärt inom Business & ekonomi

      framgangspodden
      varvet
      rss-jossan-nina
      svd-tech-brief
      badfluence
      rss-borsens-finest
      rss-svart-marknad
      uppgang-och-fall
      bathina-en-podcast
      lastbilspodden
      tabberaset
      rss-inga-dumma-fragor-om-pengar
      avanzapodden
      fill-or-kill
      rss-dagen-med-di
      rss-kort-lang-analyspodden-fran-di
      borsmorgon
      24fragor
      rss-veckans-trade
      montrosepodden