The Journal. How DeepSeek Sank The Stock Market
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Jan 29, 2025 
Stu Woo, a technology reporter for the Wall Street Journal with a focus on AI and Chinese tech, joins to discuss DeepSeek's groundbreaking AI model that shook Wall Street. They delve into how this innovation turned traditional AI wisdom upside down, leading to a staggering $1 trillion decline in the stock market. Woo also explores the implications of U.S. export restrictions on AI chips to China and the ensuing uncertainty in AI investments, challenging giants like NVIDIA, and what the future holds for the sector.
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Market Drop Observation
- Gunjan Banerji noticed Nasdaq futures down 4% while commuting.
- This triggered her attention, leading to her observing a major market drop, including NVIDIA's stock.
DeepSeek's Disruption
- DeepSeek, a Chinese AI company, disrupted the market with its efficient chatbot.
- This challenged assumptions about AI development costs and capabilities.
DeepSeek's Hiring Strategy
- DeepSeek's founder, Liang, prioritizes hiring individuals with minimal experience.
- He believes this fosters fresh perspectives and efficient problem-solving, unburdened by past practices.