Ticking through TikTok’s nine lives
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 27 January 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
There are reports this morning of yet another lifeline for TikTok — this time involving an artificial intelligence startup called Perplexity AI. Over the weekend, President Donald Trump said a deal was in the works. A decision on TikTok’s fate could be made in the next 30 days. Also: why one Chinese AI firm is dragging down U.S. stocks and what all goes into water cleanup efforts in Guatemala.
Transcript
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| 0:00.0 | Why one Chinese AI firm is dragging down U.S. stocks. From Marketplace, I'm Sabri Benishore and for David Brancaccio. |
| 0:10.4 | Shares of big tech companies are down this morning after news that a Chinese firm called Deepseek has been able to create an artificial intelligence tool that rivals ChatGPT, Googles Gemini, and others, and it does so more cheaply. |
| 0:24.4 | That's despite the U.S. banning the export to China of powerful chips that big U.S. tech companies rely on to power their AI. |
| 0:32.3 | Marketplaces Nova Sappho has more. |
| 0:34.8 | China's technological breakthrough is roiling markets because it suggests deep seek |
| 0:39.2 | engineers have been able to work around the limitations imposed by U.S. sanctions on advanced |
| 0:44.7 | AI chips. They might have access to them over cloud, which is something that where there's no |
| 0:49.2 | controls at the moment. That's Marcus Andrew. He is with the Center for the Governance of AI. And he says |
| 0:55.0 | DeepSeek's open source AI model shows China is nearly caught up to American companies. |
| 1:00.8 | It seems to have been trained using less computational power. I think it's a little bit unclear |
| 1:06.7 | the extent to which that's the case. But it does seem that it's showing sort of a decent amount |
| 1:11.9 | of efficiency. Efficiency equals cheaper, and China's new AI tools are currently cheaper to use. |
| 1:19.2 | Yohen Stanzel of CMC markets says that puts into question the tens of billions of dollars |
| 1:23.9 | big tech giants in the U.S. are spending on AI. |
| 1:27.2 | It's really hard to justify in front of shareholders why they, of dollars big tech giants in the U.S. are spending on AI. |
| 1:33.1 | It's really hard to justify in front of shareholders why they are investing so much money to develop AI when there is just a cheaper alternative. |
| 1:38.5 | Because a cheaper alternative could limit pricing power for U.S. companies. |
| 1:43.2 | Meta, Microsoft, and other big tech firms are |
| 1:45.3 | scheduled to release financial results this week and next, and they're sure-to-face questions about |
| 1:50.4 | China's AI advancements. I'm Nova Software for Marketplace. |
| 1:55.0 | There are reports this morning of yet another lifeline for TikTok, this time involving an artificial intelligence startup called Perplexity AI. |
| 2:04.8 | Marketplace's Nancy Marshall-Genzor has the details. |
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