DeepSeek drama: what the Chinese startup means for the AI race & markets
This week on The Fin podcast, senior reporter Jonathan Shapiro and technology editor Paul Smith on DeepSeek’s breakthrough, why Australia has banned its use on government devices and what this all means for 'the magnificent seven' US tech stocks that have been pushing markets to record highs. This podcast is sponsored by IG. Further reading: DeepSeek drama: are markets all-in on the most dangerous idea in history?While investors fret about what the arrival of DeepSeek means for their all-in bet on American artificial intelligence dominance, they’re ignoring even bigger questions.Is big tech’s AI future really what we’re looking for?The race is on to build the fastest, most efficient AI models and hopefully tech companies will start developing the products we want to use.Labor bans DeepSeek from government devicesAustralia has banned Chinese artificial intelligence service DeepSeek from government devices over national security concerns.See omnystudio.com/listener for privacy information.