00:01DeepSeek feels like it came from out of nowhere.
00:03Calling it AI's Sputnik moment.
00:06Well, it's back with news that's almost as shocking as its super fast and super cheap chatbot.
00:11A DeepSeek researcher recently gave a serious warning about AI's potential to create a labor market disruption of massive proportions.
00:19He said that it would shake society to its core and that it's time for AI companies to become whistleblowers.
00:24In case it's not clear, that's very strong language for someone who works in the industry.
00:29DeepSeek also rarely seeks attention.
00:31It doesn't put out long manifestos or parade executives around at global summits like OpenAI.
00:37In fact, the last public appearance of its CEO was during a meeting with Chinese President Xi Jinping back in February.
00:43So when a representative from the startup steps into the spotlight to say something, it's time to listen.
00:48Western tech leaders have long cautioned about AI's future jobpocalypse, mainly for entry-level white-collar roles.
00:56But in China, a recent grad labor crisis is already here.
01:00The youth unemployment rate has remained high since the pandemic and got so bad at one point that the government stopped sharing it until changing its methodology.
01:08It has since hit a fresh high of 18.9% in August before easing slightly to 17.7% in September.
01:15Some young people in the country are even paying companies to pretend to go to work.
01:20A new shock would endanger the nation's already fragile economic growth.
01:23At the same time, the Chinese government is going all-in on AI, which makes any AI-triggered job disruptions highly political.
01:32Xi's advice that jobless youth should just deal with it have already backfired.
01:36The government knows better now.
01:38But Beijing built its economic miracle on putting people to work and driving hopes of upward mobility.
01:44It can't afford an AI revolution that does the opposite.
01:48It can't afford an AI revolution that does it.
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