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A new AI concept from Taiwanese firm DeepSeek shook the stock market on Monday. It seemed to be only as effective as many of its American rivals, but its producers claimed to have made it far more expensively, using far less computing power than equivalent Artificial apps like ChatGPT, Claude, or Gemini. In a single moment, hundreds of billions of dollars were wiped off the estimates of businesses connected to AI.
Investors suddenly appeared to change their minds this week regarding what our AI future will look like and which businesses will profit from it ( or won’t ). Did we really need all those high-end computer chips, after all? What about power plants, which would supply all the energy-hungry AI files locations?
How DeepSeek may have permanently altered the economics of artificial intelligence, according to the presenter.
Willa Rubin contributed to the production of this season while James Sneed contributed. It was engineered by Neil Tevault and edited by Keith Romer. Research aid from Sierra Juarez. Alex Goldmark is Planet Money’s professional developer.
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