DeepSeek - How a Chinese AI Startup Shook Silicon Valley

DeepSeek - How a Chinese AI Startup Shook Silicon Valley

On Monday, over a trillion dollars was wiped off the US stock market due to the appearance of a Chinese artificial intelligence start-up DeepSeek. The release of a new reasoning model, known as R1, led investors to question US dominance in tech, their expectations around future AI capex while also raising the prospect that China might beat Silicon Valley at its own game. The new DeepSeek model can “reason” to solve complex problems and performs as well as the AI software from US tech giants like Google and OpenAI, but was apparently developed at a fraction of the price of those models. DeepSeek quickly overtook OpenAI’s ChatGPT as the most-downloaded free app on the US iOS App store. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn3rvC Ways To Support The Channel: Patreon: https://www.patreon.com/PatrickBoyleOnFinance Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle Visit our website: https://www.onfinance.org Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social Business Inquiries ➡️ sponsors@onfinance.org

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George Soros - Reflexivity Explained

George Soros - Reflexivity Explained

Send us a textTodays Episode is about George Soros and Macro Investing. George Soros is the most famous Macro Hedge Fund Investor. His Theory of General Reflexivity in economics is the theory that a feedback loop exists in which investors' perceptions affect economic fundamentals, which in turn changes investor perception. The theory of reflexivity has its roots in sociology. Soros believes that reflexivity disproves much of mainstream economic theory and should become a major foc...

7 Jan 202115min

Top Ten Finance Books For Traders - Best Finance Books

Top Ten Finance Books For Traders - Best Finance Books

Send us a textToday's episode is a list of my top ten books for traders, or the best finance books to read to learn about the financial industry. I decided to come up with a list of books that are not just filled with knowledge, but that are also really enjoyable reads – the kind of book that it is hard to put down. There are no university textbooks on this list, no Random Walk Down Wall Street or The Intelligent Investor. To make the list the books had to be interesting, ed...

7 Jan 202116min

Unknown Market Wizards - Jack Schwager - The Worlds Greatest Unknown Traders

Unknown Market Wizards - Jack Schwager - The Worlds Greatest Unknown Traders

Send us a textJack Schwager on the worlds greatest unknown traders.An interview with Jack Schwager, the author of The Market Wizards series of books, on his new book, Unknown Market Wizards. Jack has been involved in financial markets for over 45 years, he worked as a market analyst, a trader, managed institutional portfolios of managed accounts, and has written extensively on the futures industry. He is most famous for his Market Wizards series of books, interviews with great traders i...

7 Jan 202152min

Millionaire Habits That Could Change Your Life

Millionaire Habits That Could Change Your Life

Send us a textMillionaire Habits That Could Change Your Life. In today’s podcast, I will share thirteen millionaire habits, things that self-made millionaires do that poor people do not. According to Fidelity, only 12% of today's millionaires in America inherited a significant portion of their wealth. One of the most effective ways to build wealth is to study those who have done so already. While taking on these habits won't necessarily make you rich, they might be a step in the right di...

7 Jan 20218min

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