Bloomberg Daybreak: Europe Edition Nvidia: DeepSeek AI ‘Excellent’, Trumps Global Tariff Pledge & UK Pension Shakeup
Jan 28, 2025
In this discussion, Mary Nicola, a strategist at Bloomberg Markets Live, analyzes the impact of DeepSeek, a Chinese AI startup releasing a groundbreaking open-source model. She highlights how this innovation challenges major players like Nvidia, leading to significant market sell-offs. The conversation also touches on President Trump's bold tariff proposals and their potential effects on US trade. Additionally, Nicola discusses the UK's plans to utilize pension fund surpluses to stimulate economic growth, reflecting evolving market dynamics.
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DeepSeek Disrupts AI Landscape
- DeepSeek's low-cost AI model rivals US developers, causing a $1 trillion tech sell-off.
- Experts question DeepSeek's methods and cost-effectiveness, suspecting reliance on Western tech.
AI Investment Landscape Shifts
- AI-related investments require deeper research; easy gains are over.
- Companies need to demonstrate earnings and monetization plans to retain investors.
Venture Capitalists on DeepSeek
- DeepSeek's success could motivate US tech companies and accelerate AI adoption.
- Venture capitalists see DeepSeek's rise as a catalyst for innovation, not a threat.