It’s been one year since Chinese AI developer DeepSeek released an experimental large language model that shocked the tech world with its advanced capabilities, despite strict chip import restrictions. WSJ Senior Global Correspondent Josh Chin and Oxford Analytica technology analyst Tatia Bolkvadze discuss how China’s AI prowess has only grown in the past twelve months, something that is now challenging Silicon Valley’s pricing power, and becoming a bone of contention in the U.S.-China trade war. Luke Vargas hosts.

Further Reading: 

The AI Cold War That Will Redefine Everything

China’s Alibaba Links Qwen AI App to Vast Consumer Ecosystem

The Row Over South Korea’s Push for a Native AI Model: Chinese Code

China’s DeepSeek Unveils New AI Model That Could Halve Usage Cost

Silicon Valley Is Raving About a Made-in-China AI Model

Chinese AI Developers Say They Can’t Beat America Without Better Chips

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Why are investors buzzing about Novo Nordisk’s Wegovy pill launch? And how has sentiment turned against software makers like Salesforce? Plus, what drove BlackRock’s asset pile to a record $14 trillion? Host Jack Pitcher discusses the biggest stock moves of the week and the news that drove them.

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P.M. Edition for Jan. 16. President Trump signaled today that he may keep National Economic Council Director Kevin Hassett in his current job. WSJ chief economics correspondent Nick Timiraos discusses where that leaves the contest for the next chair of the Federal Reserve. Plus, OpenAI will start testing ads in ChatGPT as it seeks new sources of revenue. And earlier this week Agriculture Secretary Brooke Rollins said that Americans can save money if they eat according to the government’s new dietary guidelines, including having dinner for $3. Journal reporter Jared Mitovich tried it out for himself. Alex Ossola hosts.

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A.M. Edition for Jan. 16. The White House is set to call for an emergency auction in which tech companies can bid to build new power plants. The unprecedented federal intervention comes as local communities push back on new data centers over their effect on electricity costs. Plus, Journal Asia political editor Peter Saidel breaks down Canada’s embrace of China amid rocky relations with Washington. And the Trump administration’s futile campaign to get people to dress better on planes. Luke Vargas hosts. 

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P.M. Edition for Jan. 15. As President Trump weighs whether to strike Iran, he’s been advised that a large-scale strike against the country would be unlikely to make the regime fall, U.S. officials said. WSJ national security reporter Alex Ward says that doesn’t mean that military action is off the table. Plus, an Arizona mine that became the first new source of U.S. copper in decades has a new big customer: Amazon. Journal reporter Ryan Dezember discusses what’s going on in the U.S. copper industry. And there’s new charges in the basketball betting scandal that is now one of the most sprawling gambling cases in the history of American sports. Alex Ossola hosts.

Alternative Indicators: What’s Dr. Copper’s Prognosis for the U.S. Economy?

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A.M. Edition for Jan. 15. Denmark and several NATO allies are sending troops for military exercises in Greenland, a day after unsuccessful efforts by Danish and Greenlandic officials to persuade President Trump to abandon his pursuit of the island. Plus, Trump appears to roll back threats of an imminent attack on Iran. And Journal special writer Gregory Zuckerman discusses the White House’s decision to put Wall Street on the defensive as a part of its midterm-elections push on affordability. Luke Vargas hosts. 

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P.M. Edition for Jan. 14. U.S. existing home sales rose 5.1% in December, their biggest gain in two years. Journal reporter Nicole Friedman discusses what’s driving the gains in the struggling housing market and whether the momentum can continue. Plus, the U.S. military is evacuating some personnel from Al Udeid Air Base in Qatar as President Trump considers a strike on Iran. And earnings from some of the biggest U.S. banks such as Bank of America, Citigroup and Wells Fargo show strong consumer spending in the fourth quarter. Alex Ossola hosts.

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A.M. Edition for Jan. 14. Leaders from Greenland and Denmark are due to meet with Vice President JD Vance today amid President Trump’s efforts to seize the territory. WSJ correspondent Max Colchester says Greenland’s prime minister is holding the line that the island isn't for sale. Plus, the U.S. prepares to unveil its governance plans for Gaza. And actor Matthew McConaughey trademarks himself to combat AI fakes. Luke Vargas hosts.

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P.M. Edition for Jan. 13. The JPMorgan Chase CEO spoke out today in support of Fed Chair Jerome Powell, who is being investigated by the Justice Department. WSJ reporter Alexander Saeedy says Dimon’s position reflects that of many on Wall Street. Plus, President Trump rules out talks with Iran and tells protesters there that “help is on the way.” We hear from Journal national security correspondent Alexander Ward on what we know about possible U.S. action in Iran, and how countries in the Gulf are reacting. And what the latest numbers on inflation mean for the Fed. Alex Ossola hosts.

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A.M. Edition for Jan. 13. President Trump is set to receive a briefing today on options for responding to anti-regime protests in Iran, but he’s not waiting for that meeting to act. Journal reporter Gavin Bade explains the likely effect of fresh 25% U.S. tariffs on Tehran’s trading partners. Plus, Minnesota sues the Trump administration over its immigration tactics. And Moody’s Ratings’ John Medina discusses the challenges and opportunities accompanying an expected $3 trillion in data-center spending over the next five years. Luke Vargas hosts. 

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