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.

      Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

      Avsnitt(1251)

      The Tungsten Market Is Warning of an Upcoming War

      The Tungsten Market Is Warning of an Upcoming War

      Bloomberg Opinion columnist David Fickling tells us you can think of tungsten mining as “a century old prediction market for war.” As he writes in a recent piece, tungsten is “a super-element that can...

      3 Aug 44min

      Why Private Credit Got Entangled With Insurance

      Why Private Credit Got Entangled With Insurance

      Insurers have quietly become a major driver of the private credit boom, with numerous private equity shops striking deals with insurance companies or buying them outright. But the entanglement with pr...

      31 Juli 51min

      How the Iranian Economy Actually Works

      How the Iranian Economy Actually Works

      After the Iranian Revolution of 1979, the country's new leaders — religious and political — promised to redistribute the country's wealth and made moves to make Iran independent from western influence...

      30 Juli 57min

      Branko Milanovic on What Comes After Globalization

      Branko Milanovic on What Comes After Globalization

      It's pretty obvious by now that globalization has fallen out of favor. And while many pundits have deemed economic globalism dead, we are still figuring out what to call this new era. Branko Milanovic...

      27 Juli 1h 1min

      How Financial Advisors Can Grow During the Great Wealth Transfer (Sponsored Content)

      How Financial Advisors Can Grow During the Great Wealth Transfer (Sponsored Content)

      Over the next two decades, more than $100 trillion will change hands in the greatest wealth transfer in history. This is a massive opportunity for financial advisors, both new and established. This co...

      26 Juli 17min

      How Franchise Restaurants Opened the Door to the Gig Economy

      How Franchise Restaurants Opened the Door to the Gig Economy

      When the fast food industry began booming in the 1950s, it did so via a new business model known as the franchise. This model allowed independent operators to license trademarks from a business like M...

      24 Juli 44min

      Why Apple Is Heading Into a Pivotal Moment

      Why Apple Is Heading Into a Pivotal Moment

      There used to be a time when the latest product release from Apple was a huge deal. But lately, it's been kind of 'meh,' and a lot of the hype in the tech world has been directed at companies doing th...

      23 Juli 49min

      The Creator of Claude Code on The Hottest Piece of Software in the World

      The Creator of Claude Code on The Hottest Piece of Software in the World

      2026 has been, in terms of software, the year everyone is talking about Claude Code. Indeed, Anthropic's coding agent incited a market scare — and helped usher in the era of vibe coding — through its ...

      20 Juli 1h 6min

      Populärt inom Business & ekonomi

      framgangspodden
      badfluence
      dynastin
      varvet
      svd-tech-brief
      uppgang-och-fall
      avanzapodden
      rss-inga-dumma-fragor-om-pengar
      fill-or-kill
      rss-kort-lang-analyspodden-fran-di
      market-makers
      rikatillsammans-om-privatekonomi-rikedom-i-livet
      rss-veckans-trade
      rss-borslunch
      bathina-en-podcast
      rss-dominoeffekten
      rss-borssurr-med-mitelman-och-mellqvist
      rss-dagen-med-di
      borslunch-2
      ekonomiekot-extra