Why DeepSeek “turned tech and Wall Street upside down”: The illusion of control and the power of grace
The Daily Article
The Denison Forum
4.9 • 576 Ratings
🗓️ 29 January 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
Chinese AI model DeepSeek was released last week. It appeared to perform on par with counterparts from OpenAI, the US firm at the heart of the AI boom, but with far less computing power or money invested. As the Wall Street Journal reported, this “turned tech and Wall Street upside down,” causing Nvidia’s stock to plunge more than $590 billion and tech stocks across the board to plummet. In today’s article, we explore humanity’s relationship with the illusion of control and why God being on the throne is the best news of the day every day.
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Transcript
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| 0:00.0 | Good day. It's Wednesday, January the 27th, 2025. Welcome to the Daily Article podcast. I'm Chris Elkins from the Denison |
| 0:11.1 | Forum, narrating today's daily article written by our CEO, co-founder and friend, Dr. Jim Denison. |
| 0:19.8 | If you were to stack one trillion dollar bills together, the column would |
| 0:25.1 | measure 67,866 miles high, more than a fourth of the way from Earth to the Moon. That's how much |
| 0:34.2 | of the stock market's value was wiped out on Monday. |
| 0:45.6 | Nearly $600 billion was lost by just one company the biggest one-day fall in U.S. history. |
| 0:50.4 | While the markets largely recovered yesterday, the reverberations are continuing. |
| 0:56.9 | At the heart of the crisis, Chinese AI model DeepSeek was released last week. It appeared to perform on par with counterparts from OpenAI, the U.S. firm at the heart of the |
| 1:02.9 | AI boom, but with far less computing power or money invested. This means AI models of the future |
| 1:10.6 | might not need as many high-end chips |
| 1:13.2 | from leading producer NVIDIA. As the Wall Street Journal reported, this turned tech and |
| 1:19.1 | Wall Street upside down, causing NVIDIA stock to plunge more than $590 billion and tech |
| 1:27.2 | stocks across the board to plummet. |
| 1:29.7 | In other scary news, the Doomsday Clock moved closer to midnight yesterday than ever before. |
| 1:36.1 | This means atomic scientists think humanity is closer than we've ever been to destroying ourselves, |
| 1:42.9 | whether through nuclear war, climate change, |
| 1:45.6 | biological threats, and or advances in disruptive technologies. |
| 1:50.8 | A culture built on the illusion of control is understandably shaken by events beyond our ability to forecast or manage. |
| 1:59.6 | So much of what we are enticed by offers to help us control |
| 2:03.4 | our appearance, health, finances, relationships, and happiness. The current Burger King ad ends |
| 2:09.6 | accordingly. Have it your way. You rule. But we don't. And that's the good news of the day. |
| 2:16.7 | From Monday's earthquake off the coast of Maine and New Hampshire to the private bathhouse |
... |
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