Episode 807: The AI Race – US vs. China
Newt's World
Gingrich 360
4.7 • 6.3K Ratings
🗓️ 2 February 2025
⏱️ 37 minutes
🧾️ Download transcript
Summary
Newt talks with Dean Ball, Research Fellow at George Mason University’s Mercatus Center about the rapid rise of the Chinese AI app DeepSeek, which quickly topped the Apple App Store downloads chart. DeepSeek’s success impacted the NASDAQ Composite Index and significantly affected Nvidia's stock. Ball provides insights into the development and implications of DeepSeek. He explains the app's origins, its technological advancements, and the broader context of the AI race between the US and China. Their conversation also covers the potential regulatory challenges, the importance of industrial infrastructure in maintaining a competitive edge in AI, and the future of AI integration in various sectors.
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Transcript
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| 0:00.0 | On this episode of NUTT's World, the Chinese artificial intelligence app called DeepSeek |
| 0:09.8 | rocketed to the top of the Apple App Store downloads chart over the weekend after its |
| 0:15.4 | released last week by a Chinese startup. |
| 0:18.8 | DeepSeek offers similar functionality to OpenAI's popular chatGPt, chatbot, |
| 0:25.9 | answering questions and generating text in response to users' questions. The immediate success |
| 0:31.9 | of DeepSeek sent the tech-focused NASDAQ composite index down by 3% on Monday, |
| 0:38.3 | with U.S. chipmaker Nvidia down almost 17%. |
| 0:42.2 | So how will the United States compete with China in the artificial intelligence race? |
| 0:47.6 | Here to discuss China and artificial intelligence, |
| 0:50.8 | I'm really pleased to welcome my guest, Dean Ball. |
| 0:53.9 | He is a research fellow at George Mason University's Mercatus Center and author of the Substack, Hyperdimensional. |
| 1:01.8 | His work focuses on artificial intelligence, emerging technologies, and the future of governance. |
| 1:23.0 | Music future of governance. Dean, welcome and thank you for joining me on Newtsworld. |
| 1:26.6 | Mr. Speaker, thank you so much for having me. It's a pleasure to be here. |
| 1:31.5 | This is unbelievably timely, and I'm really grateful you could get us under your schedule. |
| 1:37.5 | Can you talk about the history of Deepseek when it began and why it took the world by storm this last weekend? Absolutely, yes. So Deepseek is actually a subsidiary of a Chinese hedge fund called High Flyer. |
| 1:46.6 | DeepSeek was created in May of 2023, so it's pretty recent. |
| 1:51.7 | High Flyer, like a lot of quantitative hedge funds, that company has been using AI for a variety of different things for a long time. |
| 1:59.3 | So they were already large-scale purchasers of the high-end computing hardware, |
| 2:04.6 | the GPUs by NVIDIA, that are used to train and run large-scale AI models. |
| 2:10.7 | And so, DeepSeek has had a lot of very talented researchers working there for at least the last year. |
| 2:19.4 | They've released models and research papers that people in the machine learning community have been paying attention to and |
... |
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