Lauren Goode: Sam said that?
Zoë Schiffer: To his employees.
Lauren Goode: Interesting.
Michael Calore: He also came to X and said something about: “I wish he would compete.”
Zoë Schiffer: Oh, yes. He said, “I wish he would compete on the market, not in court.”
Lauren Goode: Yes. Sam said in a Bloomberg News interview: “I wish he would just compete by building a better product. Probably his entire life comes from a position of uncertainty.” Shots fired. And he said he didn't think he was a happy person.
Zoë Schiffer: Oh my God. Is Sam Altman trying to compete to write the next Elon Musk biography? This feels like a psychology at Walter Isaacson level.
Lauren Goode: Don't know. Zoe, I have to say, every time I see something like that breaking in the news, these two boys fighting something with OpenAI, I literally hear your voice in my head of one of our earlier episodes, “messy, messy, messy.”
Zoë Schiffer: It is. It's so messy. I really had that this week when they were back and forth this whole sweeper. I had something like that, guys. I mean, I appreciate it. I like that we can see it all, but at the same time not Comms team. Wow. Yes, you can see it.
Michael Calore: Yes.
Lauren Goode: Now we probably also have to release that there are critics from OpenAi who think it is completely overhyped and overvalued who would look at that $ 157 billion appreciation, although it is based on private financing, which is then simply equal to a certain Appreciation and just say, there is no way they are worth so much. There is no way that they can generate sufficient income for the next three to five years to justify that appreciation.
Zoë Schiffer: I mean, have those people looked at Silicon Valley startups before? Do they know how this entire industry is running?
Lauren Goode: Exactly, exactly.
Michael Calore: Well, a large part of that conversation in the past month or so is deep, right? The Chinese chatbot competitor from chatgt to chatgpt.
Zoë Schiffer: Yes. Another moment when our bosses said, “What do we know about Deepseek?” And we panic and say, “No idea. What is it? Never heard of.” But yes, I mean, this is a chatbot launched on stage. It is actually made a model that competes with the best reasoning models from OpenAi, but the company says it has trained it with a fraction of the specialized GPUs that opened OpenAi, and against a fraction of the costs. Again, I have the feeling, Lauren, we have to do the reservation. Many people dispute this. They don't believe it, but that's the idea. And the market reacts quite intensively. Nvidia, about which Lauren you have reported extensively, their stock costs a bit of a hit.
Lauren Goode: Yes, a bit of a hit. I have forgotten how many billions they have lost that day in value. It was like, oops. Yes. Suddenly Jensen Huang went to Supercuts for his hairstyles. Wait a minute. Stock drop after Deepseek. Yes. Presumably the shares fell by about 17% on the news from Deepseek that I did not calculate how many billions that was, but it was a lot, $ 600 billion discount of its value. People were very nervous about whether they could trust the information that came from China another question. But if it was true, it rattled the AI market. And as a result I think it was a week later, then OpenAi decided to launch his O3-mini reasoning model, which means very little for people who do not follow this closely, but it was a way for them to say, look, look We are going to achieve the limits of what these smaller models can achieve, and smaller usually means less expensive. It apparently reacted 24% faster than another MINI model that Openai had postponed. The answers include 39% fewer errors. It had to do more reasoning. And so I think we'll see a lot of this. I also think we will see some of the big players in AI to make strategic acquisitions of smaller AI companies as a quick way to inform their technology to match what Deepseek does.
