Ejaaz and David reunite to unpack the DeepSeek shockwave: how a mere $6M open-source AI model rattled OpenAI’s dominance, nudged Nvidia’s stock, and sparked a fresh “arms race” in crypto AI. Meanwhile, Trump’s massive AI funding pledge and Solana’s record DEX volumes signal that the space might be heading for its biggest bull run yet.

On the builder side, ARC’s rust-based agents partner with the Solana Foundation, AI16Z launches a $10M fund, and Virtuals teases multi-chain expansions that could redefine how agent tokens earn revenue. Between China’s fast breakthroughs and America’s big AI bets, the race to integrate AI and crypto has never been hotter. Buckle up, anon.

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TIMESTAMPS & RESOURCES

0:00 China & DeepSeek

12:43 Why Markets Rattled
https://en.wikipedia.org/wiki/Jevons_paradox

24:32 OpenAI & Perplexity Agent Products
https://x.com/OpenAI/status/1882509286439637448
https://x.com/perplexity_ai/status/1882466239123255686
https://x.com/sama/status/1884066337103962416

34:12 AI Agent Chain Wars

39:42 Virtuals is expanding to SOLANA!
https://x.com/virtuals_io/status/1883107553183162507
https://x.com/state_of_mika/status/1883107601183048078
https://x.com/vaderresearch/status/1883597990830731678
https://www.lookonchain.com/articles/1035

53:01 AIXBT is becoming a product
https://x.com/aixbt_terminal/status/1882755705586982969

56:01 VeniceAI launches a token that pays for your agent’s expenses
https://x.com/askvenice/status/1883925135825990091
https://x.com/iampaulgrewal/status/1884051994324947001

1:03:13 Griffain now has a Shopify integration for their agents
https://x.com/griffaindotcom/status/1883230795764322328

1:05:22 ARC partnered with Solana
https://x.com/arcdotfun/status/1884325639047819476

1:06:36 Ai16z $10M x Jupiter Fund & Rebrand?
https://x.com/shawmakesmagic/status/1883124194013319340
https://x.com/shawmakesmagic/status/1884376511391674742

1:08:45 What is Ejaaz paying attention to?

1:10:02 Closing & Disclaimers

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China’s new DeepSeek AI model, which reportedly matches GPT-4’s performance at 1/45th the cost, has rattled the AI hardware market and contributed to a 20% dip in Nvidia’s stock price. Investor-technologist Jeffery Emanuel argues that DeepSeek’s efficiency gains aren’t the only story, as his viral 12,000-word article “The Short Case for Nvidia Stock” also catalyzed the market’s panic. In this episode, we explore how these converging factors could unbundle Nvidia’s once-unassailable lead and drastically reshape AI compute economics.

• Jeff's Article: https://youtubetranscriptoptimizer.com/blog/05_the_short_case_for_nvda
• Jeff on X: https://x.com/doodlestein

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TIMESTAMPS
00:00 Start
05:20 Intro To Jeff
07:27 The Issue With DeepSeek
16:00 Inference Compute Explained
24:51 Nvidia's Competition
29:14 DeepSeek's Impact On Valuations
36:46 Criticism Around Jeff's Thesis
44:17 DeepSeek's 45x Upgrade
51:30 The Transformer Explained
01:03:15 Why Is Everyone Shocked?
01:12:07 Synthetic Data
01:21:30 Why Jeff's Article Went Viral

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In this episode of Bankless, Reid Hoffman, co-founder of LinkedIn and author of Super Agency, explores how AI is set to transform humanity and amplify individual potential. We dive into Hoffman’s vision of “super agency,” We examine AI's potential to democratize technology and reshape society, along with an analysis of four distinct perspectives on its impact: pessimistic, cautious, ambitious, and balanced. Hoffman shares lessons from past tech revolutions, the risks of AI misuse, and how innovation can unlock a more optimistic future.

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TIMESTAMPS

00:00:00 Intro
00:09:10 Is superagency a superpower?
00:11:09 How to identify a humanoid AI agent?
00:13:28 Which people will get this AI superpower?
00:17:22 Propagation of AI
00:18:47 AI religions
00:24:31 Zoomers are e/acc?
00:25:56 Thoughts on Gloomers
00:29:09 Mainframe computers' relation with today's AI
00:37:03 Negative and positive impacts of AI
00:50:28 Benefits of AI to the average citizen
00:52:58 What if AI misuses/sells our data?
00:59:31 How AI will deliver value worth millions
01:02:17 Why innovation is safety
01:05:59 AI choices shaping our freedom?
01:10:07 America’s approach towards AI
01:12:27 Is AI overhyped?
01:14:05 Closing & Disclaimers

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RESOURCES

Reid Hoffman
https://x.com/reidhoffman

Blitzscaling
https://www.blitzscaling.com/

Super Agency
https://www.superagency.ai/

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠