China's DeepSeek Develops AI Model Like ChatGPT Without Newest Chips—And It's Free
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 29 January 2025
⏱️ 40 minutes
🧾️ Download transcript
Summary
On today's episode, Brian and Prof. Richard Wolff discuss DeepSeek, the newest AI technology developed cheaply by a Chinese company without the most advanced Nvidia chips, causing an almost $600 billion stock crash for Nvidia. What does this indicate about the state of U.S. technology, capitalism, and education?
Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.
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Transcript
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| 0:00.0 | The Chinese company Deepseek has developed advanced AI devices cheaply, and without the technology |
| 0:09.2 | of big corporations like Navidia, U.S. and Western corporations are panicking. |
| 0:14.3 | We need a new system. |
| 0:17.2 | We need a new society. |
| 0:19.1 | We need to demand that which may have sounded impossible even a few weeks ago, but is not only realizable, but an imperative necessity. We are excited to have Professor Richard Wolfe join us again for our regular weekly segment |
| 0:55.0 | where we talk about the biggest stories related to the working class, the economy, |
| 0:59.4 | and the crimes of big business. |
| 1:01.4 | I'm your host, Brian Becker. |
| 1:03.4 | The Socialist Program brings you content several days a week. |
| 1:06.2 | Thanks to the support of our patrons at patreon.com forward slash the socialist program. |
| 1:13.2 | We appreciate all of your support and encourage you if you're not yet to become a patron today. |
| 1:18.8 | Richard Wolfe is the co-founder of the organization Democracy at Work. |
| 1:22.0 | He's the author of many books, including Understanding Capitalism, which is now available at Democracy at Work.Info. |
| 1:29.9 | Professor Wolf, welcome back. |
| 1:31.9 | Thank you very much. Well, I'm glad to be here. |
| 1:34.5 | Thank you, Richard. |
| 1:36.1 | Yesterday, Navidia lost $600 billion in a single day because their stocks plunged. And the source of this one-day |
| 1:47.9 | catastrophe for that company and for many of the people who held NVIDIA stock was the |
| 1:54.5 | announcement by DeepSeek, a Chinese AI company, a startup, that it was doing with artificial intelligence what the big |
| 2:04.5 | boys in the U.S. tech sector were doing, but at a very much lower cost. Here's from Wired Magazine. |
| 2:12.8 | The app is completely free to use, and DeepSeaks R1 model is powerful enough to be comparable to Open AIs |
| 2:21.7 | zero one, quote, reasoning model, except Deep Seek's chatbot is not sequestered behind a $20 |
... |
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