Rockstars of business. It's time to make your organization's performance legendary.

Workday AI delivers continuous chart-topping innovation to keep organizations of all sizes future ready.

So you can deliver hit after hit. Workday, finance and HR on one epic platform.

The forces shaping markets and the economy are often hiding behind a blur of numbers.

So that's why we created the big take from Bloomberg Podcasts, to give you the context you need to make sense of it all.

Every day in just 15 minutes, we dive into one global business story that matters.

You'll hear from Bloomberg journalists like Matt Levine.

A lot of this meme stock stuff is, I think, embarrassing to the SEC.

Follow the Big Take podcast on the IHeart Radio app, Apple Podcasts, or wherever you listen.

Bloomberg Audio Studios, Podcasts, Radio News.

Good morning. I'm Nathan Hager.

And I'm Karen Moscow. Here are the stories we're following today.

And Karen, we begin with concerns over the impact that a Chinese artificial intelligence

startup could have on big U.S. tech stocks. It is called DeepSeek. Buzz grew over the weekend about Deepseek's latest AI model

being cost effective while running on less advanced chips. That's casting doubt on the validity of the

sky high valuations for companies like Nvidia. We get more from Bloomberg Marks, reporter Mark

Cudmore. I think this is probably a game-changing moment because I think suddenly the whole U.S.

stock's exceptionalism of the last 14-15 years is probably undermined by this because

it simultaneously is good for productivity and growth in the rest of the world, good for companies

all over the rest of the world, and undermines the whole U.S. tech phenomenon.

So I think it hits from both sides.

So I think actually last Thursday, we probably saw

...