Chinese Firm Disrupts Big AI With DeepSeek
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 28 January 2025
⏱️ 25 minutes
🧾️ Download transcript
Summary
There has been something of a massive bubble in AI stocks of late. DeepSeek's new ChatGTP competitor may have just burst the bubble!
Transcript
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| 0:00.0 | Has the AI bubble burst? |
| 0:05.6 | Did DeepSeek, Deep Six, Navidia, and everybody else? |
| 0:10.4 | Let's go find out. |
| 0:12.8 | The following is the audio version of a video released at peakprosperity.com. |
| 0:18.7 | Visit peakprosperity.com to watch the video and to find other insightful content such as articles, |
| 0:24.7 | discussion forums, and exclusive subscriber-only content. |
| 0:35.1 | Hi everyone, I'm Dr. Chris Martinson of Peak Prosperity. We're going to be talking about the bursting bubble. |
| 0:39.6 | If you haven't noticed, big giant stock market route today. And of course, we've been expecting this for a while just because things have been frothy. |
| 0:46.5 | But there's been something of a massive bubble in AI stocks of late, right? So if you haven't noticed, well, I guess you've been busy doing something |
| 0:56.4 | more productive with your life than tracking the latest Fed-inspired bubbles. Of course, the Federal Reserve |
| 1:01.5 | are your serial bubble blowers. They've been blowing bubbles ever since, well, the dot-com boom and bust, |
| 1:07.9 | the housing boom and bust, and they are they've done it again now |
| 1:11.7 | what's a bubble a bubble is when an asset price rises beyond what incomes can |
| 1:17.1 | sustain a corollary to that is that in a bubble all things you need just two things |
| 1:26.5 | to have a bubble run. |
| 1:28.4 | One, you need ample credit. |
| 1:30.9 | That's where the Fed comes in. |
| 1:32.1 | Two, you need a good story. |
| 1:34.8 | Swampland in Florida, railroads at one time, tulip bulbs, |
| 1:39.7 | eyeballs during the Pets.com, dot com, bomb craze, all of that other stuff. But now it's AI, all |
| 1:45.8 | things AI. Listen, I think this isn't a indictment of AI itself. I think AI is going to absolutely |
| 1:51.5 | transform our future in ways that we're only beginning to appreciate all that. However, |
... |
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