Silicon Valley tech leaders have been brimming with optimism in recent years about the future of artificial intelligence — and investors have bet big on the transformational power of the technology. 

Then last week, China’s DeepSeek emerged as a disruptive force and the value of Nvidia Corp. fell by half a trillion dollars. More than ever, investors are wondering about whether big bets on AI will pay off in the long run.

Bloomberg Economics Chief Economist Tom Orlik sees three cases for how AI could reshape the global economy, ranging from the rosy to the dystopian. On today’s Big Take podcast, he and host David Gura break them down and explore what that future may hold not just for companies and investors — but for us all.

Read more: AI Has Rocked the Stock Market, But What Will It Do for the Economy?

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