Why DeepSeek AI is an 'evolution', not 'revolution' for tech
The emergence of Chinese AI chatbot DeepSeek — which claims to offer more affordable and efficient AI capabilities — has stirred global tech markets. New York University Stern School of Business professor of economics Nouriel Roubini, also known as "Dr. Doom," joins Catalysts to discuss its implications for US equities (^DJI, ^IXIC, ^GSPC). Roubini views technology as a current economic driver, citing quantum computing automation, robotics, and fintech as "the industries of the future." He suggests these innovations could potentially boost growth to 3% by this decade's end. Despite concerns about potential inflationary policies from the Trump administration in the short term, Roubini maintains his recommendation to be overweight in equities, particularly in tech and the "Magnificent Seven" stocks. Regarding DeepSeek specifically, Roubini notes that "if what they have done is true," it will motivate the US to increase productivity growth, describing it as "a positive supply shock" for the global economy. "DeepSeek, in my view, is an evolution, not a revolution," he concludes. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
