Thu. 05/29 – Somebody Knows Victoria’s Secrets - Techmeme Ride Home - Audio Brevity | Audio Brevity
Thu. 05/29 – Somebody Knows Victoria’s Secrets
Techmeme Ride Home

Thu. 05/29 – Somebody Knows Victoria’s Secrets

May 29, 2025 18m
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Episode Description

Nvidia had solid earnings, though they’re quite concerned about being boxed out of China. The apparent hack of Victoria’s Secret gave me a dad-joke-title for today’s episode. Why DeepSeek’s recent R1 update is a bigger deal than even they are letting on. And why the CEO of Anthropic says we should be more worried about the AI he’s unleashing than people are aware.

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AI-Generated Summary

Nvidia's Earnings and Concerns Over China

Nvidia reported impressive Q1 earnings, with a 69% revenue increase year-over-year to $44.06 billion, notably above expectations. However, CEO Jensen Huang expressed concern over U.S. restrictions on AI chip exports to China, estimating a loss of $8 billion in sales due to the lack of access to this crucial market, which he claimed is effectively closed to American companies. Huang highlighted the growing competition from Chinese tech rivals, particularly Huawei, which have advanced their own AI chip technology in response.

Gaming Innovations with GeForce Now

Nvidia has launched a native GeForce Now app for the Steam Deck, significantly enhancing the gaming experience by enabling 4K streaming at 60 frames per second and providing access to over 2,200 games. This move aligns with the growing trend of cloud gaming, improving battery life and performance, and offering gamers a seamless integration into their gaming library.

Victoria's Secret's Security Incident

Victoria’s Secret faced a serious security breach, taking down its website and some in-store operations. The company announced that external experts are looking into the incident, which follows several other high-profile data breaches in the retail sector, raising broader concerns about cybersecurity in companies handling sensitive consumer data.

DeepSeek's Noteworthy AI Update

DeepSeek's recent update to its R1 model showcases significant advancements in performance, particularly in coding benchmarks and math accuracy, suggesting it can compete with leading AI models at a fraction of the cost. This silent update stresses the importance of algorithm efficiency over sheer computational power, indicating changing dynamics in AI development amidst geopolitical tensions.

Anticipated Job Market Changes Due to AI

Dario Amodai, CEO of Anthropic, highlighted the potential for mass job displacement in white-collar sectors due to AI's rapid advancements. He warned that as AI capabilities grow, they could threaten up to half of entry-level positions and increase unemployment significantly in the U.S. Amodai called for more awareness and proactive measures to address these looming challenges.

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