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‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbot
(www.theguardian.com)
this post was submitted on 27 Jan 2025
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Wow, China just fucked up the Techbros more than the Democratic or Republican party ever has or ever will. Well played.
It's kinda funny. Their magical bullshitting machine scored higher on made up tests than our magical bullshitting machine, the economy is in shambles! It's like someone losing a year's wages in sports betting.
Just because people are misusing tech they know nothing about does not mean this isn't an impressive feat.
If you know what you are doing, and enough to know when it gives you garbage, LLMs are really useful, but part of using them correctly is giving them grounding context outside of just blindly asking questions.
It is impressive, but the marketing around it has really, really gone off the deep end.
Didn't donald add like $500B for AI? Seems it'salmost enough to pay the -$600B nVidia lost...
Democrats and Republicans have been shoveling truckload after truckload of cash into a Potemkin Village of a technology stack for the last five years. A Chinese tech company just came in with a dirt cheap open-sourced alternative and I guarantee you the American firms will pile on to crib off the work.
Far from fucking them over, China just did the Americans' homework for them. They just did it in a way that undercuts all the "Sam Altman is the Tech Messiah! He will bring about AI God!" holy roller nonsense that was propping up a handful of mega-firm inflated stock valuations.
Small and Mid-cap tech firms will flourish with these innovations. Microsoft will have to write the last $13B it sunk into OpenAI as a lose.
Well.... if there is one thing I have to commend CCP is they are unafraid to crack down on billionaires after all.