Kara and Scott discuss the panic in Silicon Valley and on Wall Street over China's new AI model DeepSeek, which sent Nvidia and other tech stocks plunging. Is this a troubling trend for AI and the markets? Then, Trump almost starts a trade war with Colombia, and Oracle is reportedly in talks to take over Tiktok. Plus, Target becomes the latest company to end its DEI efforts. Follow us on Instagram and Threads at @pivotpodcastofficial. Follow us on Bluesky at @pivotpod.bsky.social. Follow us on TikTok at @pivotpodcast. Send us your questions by calling us at 855-51-PIVOT, or at nymag.com/pivot. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Chapter 1: What is the panic in Silicon Valley about?
It's hard, though, because my dad three months ago just stopped recognizing me. Really strange to climb so fast, and now it's like a baby doesn't recognize me. So now I can't threaten to cut him off. Doesn't care.
Doesn't matter. Doesn't work on Lucky either. Let me just tell you, Lucky is as sharp as a frigging tack. Let me tell you, it would be a lot easier if she wasn't as sharp. She clocks everything, Scott, let me just say. Anyway, it's just mobility is the issue with her.
Well, she's lucky to have you.
Yes, it's true, and my brothers who were really wonderful, and my sister-in-law, everyone. Amanda went with me today. It takes a village, let's just say, to take care of a cranky little baby.
A lot of resources.
Yes, we do, and it's still exhausting. Anyway, we've got a lot to get to today. There's so much going on, speaking of cranky people, trade wars, TikTok, and Target. But first, this is a really interesting story, and I think we have discussed the amount of spending on AI that U.S. companies do, the price of chips.
the run-up of NVIDIA, but there's a new AI model on the scene that's smart, cheap, and made in China. It's called DeepSeq, and it's causing a panic in Silicon Valley, which is paying a lot of attention, and also on Wall Street.
DeepSeq has reportedly outperformed models from OpenAI, Meta, and Anthropic in some third-party tests, and it operates at a fraction of the cost of those models using fewer high-end chips. This is the ones that are made by NVIDIA and are hard to get, and the incumbents have been pricing them up heavily by grabbing all of them. The markets are not reacting well to DeepSeek as of this recording.
NVIDIA is down 16%. Oracle is down 10%. Microsoft is down nearly 4%. Obviously, Meta is going to be affected, all the others. So there's a lot to talk about, and I've seen different analysis of exactly what DeepSeek does. Jan LeCun from Meta was making an argument that it isn't as
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Chapter 5: What challenges are faced in the care of elderly parents?
Oui, I love oui. Who did you buy it with?
Oh, I don't know if you've heard of them. Rob McElhaney, Ryan Reynolds, Ava Longoria, Kate Upton. It's clear, let's be honest, that Kate demanded I was in the group. Her husband, that Verlander guy, her soon-to-be, her future ex-husband when she falls in love with the professor in the owner group.
But we're going, you're going to, trust me on this, my prediction in the next year, you're going to be at a You're going to see La Equidad. You're going to go into a Grupo A Primera game in Bogota.
You fly me down there, I will go. It's going to be great. It's going to be a tough one. I will go if you fly me down. That's my deal with you. If you fly me down there.
Have you been to Colombia?
Never. I will go.
It's a beautiful country.
I understand that. I need you to fly me down there, though, okay? and invite me to a game. It'll be really fun. Let's do Scott's 60th birthday redux, okay?
This is exactly why I did it. I want to have fun with friends and family and go to football games. Ask me what I did this weekend.
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