this post was submitted on 27 Jan 2025
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Wall Street’s superstars are tumbling as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on.

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[–] BananaTrifleViolin@lemmy.world 68 points 3 days ago (2 children)

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).

[–] rockSlayer@lemmy.world 19 points 3 days ago

It's upending the AI investment industry, and that's the only thing the billionaires actually care about

[–] timewarp@lemmy.world 15 points 3 days ago

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

[–] timewarp@lemmy.world 42 points 3 days ago* (last edited 3 days ago) (1 children)

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.

[–] GrabtharsHammer@lemmy.world 29 points 3 days ago

They know exactly what it means and how that works. They're just sorting out how to strangle it in its crib.

[–] _cryptagion@lemmy.dbzer0.com 15 points 3 days ago (2 children)

How long do you wonder it is until they introduce a ban on Chinese AI?

[–] Sabata11792@ani.social 5 points 3 days ago

20 years before they figure out how to enforce it.

[–] arin@lemmy.world 3 points 3 days ago (1 children)

How long did it take to ban TikTok ? Oof it's still up

[–] _cryptagion@lemmy.dbzer0.com 3 points 3 days ago (1 children)

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.

[–] arin@lemmy.world 2 points 3 days ago* (last edited 3 days ago) (1 children)

Anytime we talk about China it's dick measuring, and we're not winning

[–] _cryptagion@lemmy.dbzer0.com 1 points 3 days ago (1 children)

Nobody ever wins in a dick measuring contest.

[–] arin@lemmy.world 3 points 2 days ago

Not with that attitude

[–] tfw_no_toiletpaper@lemmy.world 9 points 3 days ago* (last edited 3 days ago)

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

[–] fuzzy_ad@lemmy.world 6 points 3 days ago (1 children)

Unfortunately Deepseek is not very good and highly sanitized.

I guess investors are not very savvy. Now would be a good time to buy.

[–] rimu@piefed.social 4 points 3 days ago (1 children)

Yup, I bought $4 more worth of Nvidia.

You can tell when I do investments I play with the big boys

[–] cashsky@sh.itjust.works 1 points 3 days ago

To the moon 🚀 🌚

[–] LodeMike@lemmy.today 6 points 3 days ago* (last edited 3 days ago)
[–] DrSleepless@lemmy.world 3 points 3 days ago
[–] hohoho@lemmy.world 2 points 3 days ago

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