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.
Time is Money. In high frequency trading the fastest data network makes the deal. Computers trade against computers solely committed to the logic of their algorithms. Essentially, they are warring bots – money bots.
In the beginning, the intention was to use greater predictability and faster infrastructure to increase the stability of financial markets. In fact, the opposite has occurred: automation has made them more vulnerable. Moneybots love instability, where the greatest profits are to be made, and high-frequency trading is damaging the real economy. When trades take place in milliseconds, traders in the real economy are kept out of the loop. The system often relies on the discovery and exploitation of ‘cheats’ to get around restrictions.
And, as with all electronic systems, the moneybots can be hacked. Already there have been cases of flash crashes that destabilised the world’s markets. How did it come to this? We go back to their roots in the casinos of Las Vegas, where young mathematicians and physicists created algorithms and the first wearable computer to outsmart the roulette…
Aaron Levie, Box CEO, joins ‘Money Movers’ to discuss the winners and loser of the DeepSeek shakeout, if Nvidia’s thesis is still intact, and much more.
Aurora’s stock had a wild ride this month and CEO Chris Urmson, who led Google’s self-driving car program in its pre-Waymo days, thinks it’s on the cusp of commercializing driverless trucks. But profitability is years away.
What NVIDIA is trying to build next… Subscribe for more optimistic science and tech stories from our show Huge If True. I interviewed NVIDIA CEO Jensen Huang on January 7th, 2025. In the last few years, NVIDIA has skyrocketed to become one of the world’s most valuable companies. That’s because, beginning in the 90s, they led a fundamental shift in how computers work, now unleashing the current explosion of what’s possible with technology. A huge amount of the most futuristic tech you’re hearing about – in AI, robotics, gaming, self-driving cars, breakthrough medical research – relies on new chips and software designed by him and his company. During the dozens of background interviews I did to prepare for this, what struck me most was how much Jensen Huang has already influenced all our lives over the last 30 years, and how many are saying it’s just the beginning of something even bigger… We all need to know what he’s building and why, and most importantly, what he’s trying to build next, so you can decide for yourself what you think of it.
Scale AI founder and CEO Alexandr Wang joins ‘Squawk Box’ to discuss the AI landscape in 2025, state of the AI arms race between U.S. and China, impact of the U.S. chip export controls, future of AI development, his thoughts on the $500 billion Stargate project, AI competition in the U.S., DEI vs. ‘MEI’ in corporate America, and more.
Salesforce Chair, CEO and Co-Founder Marc Benioff said there is a shortage of workers in the current labor market, and AI agents are the beginning of an unlimited workforce, when he spoke to Bloomberg’s Brad Stone at Bloomberg House in Davos.
