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Tech leaders, including Sam Altman, the head of OpenAI,
which created ChatGPT, have been brimming with optimism about the future of artificial intelligence.
A lot of the things that people are starting to experiment with now,
you know, sort of super cheap energy,
virtual reality, genetic editing, really great AI, you know,
these things are going to transform the world in very fundamental ways.
And Meta CEO Mark Zuckerberg shares Altman's enthusiasm.
The next five to 10 years, AI is going to deliver so many improvements in the quality of our lives.
They've successfully sold the promise of AI, its transformational power to many investors.
The titans of Silicon Valley have poured billions of dollars into research and development,
and the share prices of their companies have risen in kind.
But the recent arrival of a Chinese competitor called Deepseek made investors question some of the prevailing narratives
that had emerged around this buzzy technology.
Deepseek says it created a rival to.
ChatGPT maker OpenAI's model that can perform human like reasoning at a fraction of the cost.
And that's raised some new questions about where the frenzy surrounding AI is going to lead and who the winners and losers in the AI era are going to be.
It's something Tom Orlich, the chief economist at Bloomberg Economics, has been wrestling with.
So if we look at the grand sweep of history, hundreds of years,
thousands of years, it's really clear that the tech visionaries have it right.