The DeepSeek Fire Drill
NewcomerJanuary 31, 202500:24:43

The DeepSeek Fire Drill

In this episode, Eric Newcomer and Madeline Renbarger break down DeepSeek’s impact on western AI companies. Is it really the “AI Sputnik Moment” that investors have called it, or just a CCP bluff?
They also delve into new AngelList data on venture returns — unsurprisingly, they’re not looking good post-2021. They also discuss voice AI startup ElevenLabs’ new funding round.

Chapters
00:00 — Markets Panic Versus DeepSeek’s Actual Impact
03:14 — + 1 for The Application Thesis
08:03 — The Sputnik Moment
12:01 — Export Controls and the Power of Open Source
17:13 — VC Funds Show Scant DPI, Per AngelList's New Annual Report
23:37 — Deal of the Week: ElevenLabs