You're listening to Robert Wright's Non-Zero podcast. You're listening to Robert Wright's Non-Zero podcast.

Hi, Kahn.

Hey, Bob.

How you doing?

Okay.

Let me introduce this.

I'm Robert Wright, publisher of the Non-Zero Newsletter.

Your Connor Eccles,

managing editor of the non-zero newsletter. And does this qualify as like an emergency podcast?

You know those podcasts that do like emergency pod. Like is this? Yeah, exactly. It's the perfect.

There's no better format for rapid reaction than hour-long audio. I think that's something that's been well established by the trends lately.

That's what it was designed for.

So we're going to talk about this whole deep seek thing.

This deep seek is a word most Americans had not heard only a few days ago, I think.

I think maybe most have now.

It's this Chinese company that made this AI.

And one consequence is that the stock market took a big hit yesterday,

particularly the, as they say, tech-heavy NASDAQ.

NASDAQ.

And Nvidia was down like 17%. Yesterday hasn'tn't, hasn't recovered much today so far as I can tell.

It's a fascinating story to me. I mean, I'm, of course, following closely, writing a book about it and so on.

But it has so many dimensions. It's a fascinating business story. It's a fascinating geopolitical story. There's a whole question of like how you interpret the way Deep Seek rolled this out. Is the Chinese government

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