Lauren Woode: Sam said that?

Zoë Schiffer: To his employees.

Lauren Woode: Interesting.

Michael Calore: He also came out on X and said something about, “I wish he would compete.”

Zoë Schiffer: Oh, yes. He was like, “I wish he would compete on the market, not in the courtroom.”

Lauren Woode: Yes. Sam said in a Bloomberg News interview: ‘I wish he would just compete by building a better product. Probably his entire life is out of a position of uncertainty. ‘ Shots fired. And he said he didn’t think he was a happy person.

Zoë Schiffer: Oh my gosh. Try to compete Sam Altman to write the next Elon Musk biography? It feels like a psychology at Walter Isaacson level.

Lauren Woode: I don’t know. Zoe, I have to say, every time I see something like that in the news, these two guys fighting with Openai, I literally hear your voice in my head from one of our earlier episodes, “messy, messy, messy.”

Zoë Schiffer: It is. It’s so messy. I really had it this week when they were this whole Swindler back and forth. I was like, you. I mean, I appreciate it. I like that we can see it all, but at the same time no Comms team. Wow. Yes, you can tell it.

Michael Calore: Yes.

Lauren Woode: Now we should probably just sit there, that there are critics from Openai who think it is far too much and overvalued, which would look at the valuation of $ 157 billion, even if it is based on private financing, which is just equal To a certain valuation and just say, there is no way it is worth it. There is no way that they can earn enough income within the next three to five years to justify the valuation.

Zoë Schiffer: I mean, have the people looked at Silicon Valley Startups before? Do they know how this whole industry is going?

Lauren Woode: Right, exactly.

Michael Calore: Well, a big part of the conversation over the past month or so was Deepseek, right? Chinese Chatbot competitor owns Chatgpt.

Zoë Schiffer: Yes. Another moment we said bosses, “What do we know about Deepseek?” And we panicked and said, “No idea. What’s it? Never heard of it.” But yes, I mean, it’s a chatbot introduced at the scene. It basically made a model that competes very directly with Openai’s best reasoning models, but the company says it trained it with a fraction of the specialized GPUs that Openai used, and at a fraction of the cost. I feel again, Lauren, we need to bring in the warning. Many people dispute it. They don’t believe it, but that’s the idea. And the market responds quite intensely. Nvidia, on which Lauren has generally reported you, their stock takes a little hit.

Lauren Woode: Yes, a bit of a hit. I forget how many billions they lost in value that day. It was like, oops. Yes. Suddenly Jensen Huang goes to Supercuts for his haircut. Keep a second. Stock drop to DeepSeek. Yes. The share is believed to have dropped by about 17 percent on the news of Deepseek, which I did not calculate how many billions it was, but it was very, $ 600 billion of its value. People were very nervous about this, whether or not they could trust the information coming from China. But if that was true, then it hampered the AI ​​market. And as a result, I think it was a week later, when Openai decided to introduce its O3 mini reasoning model, which means very little to people who do not follow it very carefully, but it was a way To say, look, we promote the boundaries of what these smaller models can achieve, and smaller usually means cheaper. It apparently responded 24 percent faster than another Mini model that opened open. The answers included 39 percent fewer errors. It was supposed to do more reasoning. And that’s why I think we’re going to see a lot of this. I also think we’re going to see some of the big players in AI strategic acquisitions of smaller AI businesses want to make a quick way to set up their technique to quickly fit everything Deepseek does.