Mark Cieslak
Appearances
Global News Podcast
Nvidia shares sink as Chinese AI app spooks markets
There's been a lot of discussion about the huge amount of investment in the AI space in the last few years. Microsoft has said that it's going to spend $80 billion on AI infrastructure. And Meta, that's the company that owns Facebook and Instagram, they're saying they're going to spend between $60 and $65 billion on AI infrastructure. Now, that's on things like data centres.
Global News Podcast
Nvidia shares sink as Chinese AI app spooks markets
These are what's required for AI operations to make the tech actually work. Now... DeepSeek are saying that it's cost them $6 million to train and develop its model.
Global News Podcast
Nvidia shares sink as Chinese AI app spooks markets
there's a lot of industry experts who are sceptical about that $6 million number. That being said, this looks like, at face value, this looks like necessity being the mother of invention. It looks like a Chinese hedge fund, a hedge fund high flyer, has been running this project, this deep-seek project, almost as a weekend project, a side project. He had access to a large number of Right.
Global News Podcast
Nvidia shares sink as Chinese AI app spooks markets
The received wisdom, if you like, of how much it costs to develop and run AI now has to be completely rethought. Or on the surface, it looks like it has to be rethought because there's a lot of this that is still unknown. We need to spend a lot more time interrogating this software. We need to spend a lot more time figuring out how useful this particular software is. Because, for instance...
Global News Podcast
Nvidia shares sink as Chinese AI app spooks markets
So far, all the reporting is saying that it's really, really good at doing particular tasks. It's really good with maths problems. It's really good with science problems. But if you start asking it about issues, if you ask its chatbot about issues that the Chinese government is uncomfortable with, it will either not respond or it will very quickly try to change the subject.
Global News Podcast
Nvidia shares sink as Chinese AI app spooks markets
So that's a big question mark over how useful a thing is if it's shot through a lens which is beneficial to one particular government in the world.