Rebel Capitalist News Is DeepSeek A Black Swan? China Announces Stimulus Bazooka! Americans Flock To Food Banks
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Jan 28, 2025 The podcast dives into the fallout from significant developments in AI, particularly the emergence of DeepSeek. It raises alarms about the stability of the NASDAQ and major tech companies like NVIDIA. Economic insights reveal rising food bank dependence in the U.S. and the uncertain future of China's stimulus measures. The discussion critiques the Fed's influence on the economy and advocates for free market solutions to rising prices. A virtual conference announcement teases future economic trends and investment opportunities.
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DeepSeek Disrupts AI
- DeepSeek, a Chinese AI startup, developed a software solution that eliminates the need for NVIDIA's hardware.
- This disrupts the AI market, impacting chip makers and raising questions about AI spending.
DeepSeek as Sputnik Moment
- DeepSeek's software makes expensive AI hardware less necessary, potentially impacting the stock market.
- This is compared to Sputnik's impact, challenging the perceived dominance of US technology.
AI Bubble and Passive Investing
- The AI bubble bursting could negatively impact the broader stock market due to passive investing's dominance.
- Non-discretionary investors may exacerbate declines as there are fewer buyers when prices fall.