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Economist Podcasts

Bot against America: a Chinese AI jolts markets

Economist Podcasts

The Economist

News & Politics, News

4.44.9K Ratings

🗓️ 28 January 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

Silicon Valley firms have poured billions of dollars into artificial intelligence. But a new cheap AI model from DeepSeek, a Chinese start-up, has sent shockwaves through the stockmarket. Our correspondent explains why investors are rattled. Canada’s remote indigenous communities are struggling to install solar power (9:37). And why you should lift weights (18:25).


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Transcript

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0:00.0

The Economist

0:07.0

Hello and welcome to the intelligence from The Economist.

0:14.0

And I'm Rosie Bloor.

0:15.0

And I'm Jason Palmer.

0:17.0

Every weekday we provide a fresh perspective on the events shaping your world.

0:25.6

Some communities in Canada are so remote, they aren't connected to the power grid, to roads, or anything much.

0:31.6

Often these groups are also feeling the brunt of climate change.

0:35.6

But as our correspondent found, efforts to install green

0:38.2

energy there are still hitting obstacles.

0:41.1

And everyone knows you should get plenty of cardiovascular exercise. Getting the heart

0:47.7

revving just has so many positive effects now and later. But you know what else does? Strength

0:54.1

training. Good things come to those

0:56.5

who lift weights. But first, until now, a small number of American companies has dominated the field of artificial intelligence.

1:17.0

Firms like chipmaker, Nvidia, and cloud computing's Oracle, have attracted vast investment

1:22.0

to become some of the highest valued companies in the world.

1:25.7

But suddenly that dominance looks less certain.

1:28.7

Stock futures are down sharply this morning amid fears of an AI stock bubble burst.

1:35.1

Over the weekend, a chatbot released by an obscure Chinese AI startup called Deepseek

1:39.9

became the most downloaded app on iPhones.

1:43.4

Deepseek claims that developing its new model

1:45.6

cost a fraction of what American competitors have spent.

1:49.1

And yesterday in response, American tech stocks plummeted.

...

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