Part 7/8:
A significant portion of the dialogue touches upon the implications of DeepSeek, a startup leveraging AI technology in ways that may disrupt existing business models built on expensive technology. Dow laments the overvaluation stemming from a manic fixation on AI and the subsequent risk of financing companies with no clear revenue streams. He draws parallels with past technology bubbles, underscoring the inevitability of offloading resources to economically viable operations once fundamental valuations are reset.