Bloomberg Daybreak: US Edition Daybreak Weekend: Job Report, Earnings Season, DeepSeek
Feb 1, 2025
Robert Lee, Senior Software Analyst for Bloomberg Intelligence, dives into the intriguing world of AI with a focus on DeepSeek's R1 model. He discusses its cost-effectiveness and what it means for the AI landscape, particularly amidst US export restrictions. The conversation shifts to the competitive dynamics brewing in AI, with new Chinese technologies raising eyebrows and skepticism about Western valuations. Lee also tackles the unique challenges that companies face in monetizing AI, reminiscent of past tech bubbles.
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Potential Economic Slowdown
- The January jobs report indicates a potential economic slowdown.
- Unemployment remains low, but hiring has slowed, and businesses are holding onto existing employees.
Impact of LA Fires on Jobs Report
- Seasonal holiday job losses are harder to predict due to shifts in hiring patterns.
- The Los Angeles fires during the survey week will likely impact job numbers.
Amazon's Q4 Sales Projections
- Amazon's Q4 sales are projected to be strong, driven by AWS, advertising, and retail holiday sales.
- Advertising revenue is expected to grow due to Prime Video ads.