TBD | The DeepSeek Panic

What Next | Daily News and Analysis

Slate

News, Daily News, News Commentary, Politics

4.6 • 2.3K Ratings

🗓️ 2 February 2025

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The artificial intelligence industry was thrown for a loop when the Chinese start-up DeepSeek rolled out a product that was more energy efficient, cheaper to produce, and open source. Where did DeepSeek come from, and are Silicon Valley and Washington right to be panicking? Guest: Zeyi Yang, senior writer at WIRED. Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Podcast production by Evan Campbell, Patrick Fort, and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:02.2	All right, well, the markets lost in deep thought over Deep Seeks claims that have built an AI model in just a couple of months for less than $6 million, not a B, million dollars.
1:18.6	It's a tiny fraction of what U.S. companies are spending.
1:22.6	Earlier this week, the stock market went on one of those pit-in-your-stomach roller coaster rides.
1:29.3	The NASDAQ, led by Chipmaker and Vida, lost a trillion dollars in value before calming down a little.
1:36.3	All because of a Chinese AI company called DeepSeek, and a new app it rolled out on January 20th.
1:43.3	Zoot Yung was watching the market chaos with a little skepticism.
1:48.0	I mean, for me, I would say it's a little bit of overreaction.
1:51.7	As someone who has known this company for a year,
1:54.8	who have been kind of tracking the development of AI models in China,
1:59.3	this is like a little surprising to me, but not enough
	...

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