DeepThoughts on DeepSeek - 42
In The Hitchhiker’s Guide to the Galaxy, humans build the greatest computer ever, called Deep Thought, to answer the “ultimate question of life, the universe and everything.”
After millions of years to think about it, it spits out the answer: 42.
It will take time to sort out how much DeepSeek changes the economics of AI. For now, here are some of the deeper thoughts as people try to work out the question they most need to ask.
Markets bounced, as might be expected, without regaining all the ground lost on Monday.
The ongoing damage seems worse for the utility companies that stood to provide the extra power to keep AI data centers running.
If the Magnificents had formed a bubble, then, it still hasn’t burst.
But Monday’s sell-off shows that the story of Magnificent exceptionalism isn’t strongly rooted.
Diagnosing bubbles in real time is difficult. However, a market this dependent on a few stocks is a bad sign.
John Authers Bloomberg 29 January 2025
Tillbaka till Rolfs länktips 29 januari 2025
https://englundmacro.blogspot.com/2025/01/riksbanken-sanker-rantan-och-oppnar_29.html
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