# Episode 102: Deeeeeepseeeeeeek!

- Show: [The Circuit](https://hardwarepodcasts.com/podcast/the-circuit)
- Published: 2025-01-27
- Length: 42m
- Episode: 103
- Page: https://hardwarepodcasts.com/podcast/the-circuit/2025-01-27-episode-102-deeeeeepseeeeeeek
- Listen: https://share.transistor.fm/s/5cc40a0b

## Summary

Ben Bajarin and Jay Goldberg analyze the market reaction to DeepSeek's new AI model, discussing its training efficiency, the skepticism surrounding its GPU usage claims, and the implications for AI infrastructure spending. They examine the 'Stargate' partnership between OpenAI, Oracle, SoftBank, and MGX, questioning the $100-500 billion valuation and the strategic shift away from Microsoft Azure. The hosts also explore the future of 'ambient agents' and the long-term economic thesis for AI compute demand.

## Chapters

- [0:06](https://hardwarepodcasts.com/podcast/the-circuit/2025-01-27-episode-102-deeeeeepseeeeeeek#t=6) Introduction: DeepSeek's Market Impact
- [1:25](https://hardwarepodcasts.com/podcast/the-circuit/2025-01-27-episode-102-deeeeeepseeeeeeek#t=85) DeepSeek Training Costs and GPU Claims
- [10:20](https://hardwarepodcasts.com/podcast/the-circuit/2025-01-27-episode-102-deeeeeepseeeeeeek#t=620) Inference Efficiency and Gartner's Paradox
- [15:36](https://hardwarepodcasts.com/podcast/the-circuit/2025-01-27-episode-102-deeeeeepseeeeeeek#t=936) The Future of AI Agents and Compute
- [32:40](https://hardwarepodcasts.com/podcast/the-circuit/2025-01-27-episode-102-deeeeeepseeeeeeek#t=1960) Stargate Partnership and Valuation Skepticism
- [38:39](https://hardwarepodcasts.com/podcast/the-circuit/2025-01-27-episode-102-deeeeeepseeeeeeek#t=2319) Market Reaction and Future Capex

## Topics

- [AI & machine learning](https://hardwarepodcasts.com/topic/ai-and-machine-learning)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Growth, exits & acquisitions](https://hardwarepodcasts.com/topic/growth-exits-and-acquisitions)

## Most relevant to

large enterprises

## Mentioned

- DeepSeek (company)
- Nvidia (company)
- OpenAI (company)
- Oracle (company)
- SoftBank (company)
- Microsoft (company)
- Meta (company)
- H100 (chip)
- H800 (chip)
- CUDA (tool)
- Gemini 2.0 (product)
- Stargate (product)

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- [Google CRUSHES Everyone + Elon's $10B Anime Crisis + The Age of Agents](https://hardwarepodcasts.com/podcast/built-2-scale/2025-08-29-google-crushes-everyone-elons-10b-anime-crisis-the-age-of-agents) (Built 2 Scale)
- [OpenAI's SORA 2 Drops + WE CALLED THE BUBBLE TOP + Shopping Agents Win](https://hardwarepodcasts.com/podcast/built-2-scale/2025-10-03-openais-sora-2-drops-we-called-the-bubble-top-shopping-agents-win) (Built 2 Scale)
- [Inside the emerging frontier of models, machines and manufacturing hell.](https://hardwarepodcasts.com/podcast/built-2-scale/2025-12-11-inside-the-emerging-frontier-of-models-machines-and-manufacturing-hell) (Built 2 Scale)
- [The Intelligence Big Bang](https://hardwarepodcasts.com/podcast/built-2-scale/2025-07-11-the-intelligence-big-bang) (Built 2 Scale)
- [2025 Finale: Yann LeCun Raises $3B, Domain Addiction Confessions & Built 2 Scale Year Wrap](https://hardwarepodcasts.com/podcast/built-2-scale/2025-12-22-2025-finale-yann-lecun-raises-3b-domain-addiction-confessions-built-2-scale-year) (Built 2 Scale)

## Citing this page

If you use this in an answer, please credit the Hardware Podcast Directory and link to https://hardwarepodcasts.com/podcast/the-circuit/2025-01-27-episode-102-deeeeeepseeeeeeek. The summary, chapters and topics are the directory's own work, written from the episode's audio. The episode itself, its title and its audio belong to The Circuit.