3d ago

Tech stocks tumble as a Chinese competitor threatens to upend the AI industry; Nvidia down 17%

apnews.com Tech stocks tank as a Chinese competitor threatens to upend the AI frenzy; Nvidia sinks nearly 17%

Wall Street’s superstars tumbled as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on. The S&P 500 fell 1.5% Monday.

Wall Street’s superstars are tumbling as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on.

19 comments

OR: "AI speculative bubble deflates as people realise there may not be massive profit in AI". It's not upending the AI industry, it's upending the expectations that AI will be a license to print money (which has been based on nothing).
- It's upending the AI investment industry, and that's the only thing the billionaires actually care about
- These companies kept promising proprietary meant that they could innovate more & that you needed billions of dollars to make it work, and then got their asses handed to them by an open source model developed in two months costing over 200x less

Lol it is open source. They can't even fathom what that means & how something can be free & open, and how allowing anyone to contribute & use something helps innovation.
- They know exactly what it means and how that works. They're just sorting out how to strangle it in its crib.

How long do you wonder it is until they introduce a ban on Chinese AI?
- 20 years before they figure out how to enforce it.
- How long did it take to ban TikTok ? Oof it's still up
  
  They still banned it. Will it stay up? I honestly don’t care. But they hate anything that makes it look like China is winning the dick measuring contest.

I just love seeing the chaos and the tech bajillionaire panic about it being open source :D

LFG!!!!

Unfortunately Deepseek is not very good and highly sanitized.
I guess investors are not very savvy. Now would be a good time to buy.
- Yup, I bought $4 more worth of Nvidia.
  You can tell when I do investments I play with the big boys
  
  To the moon 🚀 🌚

Ha ha!

The massive upside to Deepseek R1 being released is that these new reasoning capabilities will increase demand for inference devices. I would remain bullish!

19 comments