6mo ago

‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbot

www.theguardian.com

cross-posted from: https://lemmy.ml/post/25282200

Technology @lemmy.ml

Alas Poor Erinaceus @lemmy.ml

6mo ago

‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbot

www.theguardian.com /business/2025/jan/27/tech-shares-asia-europe-fall-china-ai-deepseek

37 comments

ahh... the sound of a bursting bubble.
plop -
- Cheaper AI isn't the pop we want. We want companies to stop trying to use AI for every god damn thing it is terrible at. We don't want cheaper AI that's just going to be baked into more stuff.
  
  I mean, I do want cheaper GenAI in the sense that I want people to see that it's dollar store crap that's not worth the electricity to run the servers to make it and give it up like they did the fucking Juicero and every other smart appliance a couple years ago. God forbid I hold my breath and people wise up and understand that these people are all grifters looking to tape a horn to a horse and sell their "unicorn" to FAANG or whatever the equivalent is these days, I can't be assed to rewrite the new poob acronym.
- Deepseek showed that actually putting thought into the architecture achieves much more than just throwing more hardware at the problem.
  This means a) there will be much less demand for hardware, since much more could be run locally on regular consumer devices. And b) the export restrictions don't really work and instead force China to create actually better models.
  That means, a lot of the investments into the thousands of AI companies are in jeopardy.
One thing to be kept in mind, though:
https://youtu.be/4RQkl6qcwPY
verified this myself with the 1.1b model
- open weights, as the training dataset is not open/available afaik. But yum :D
  
  Much better.
  Thank you!
- continuous development and progress
  Lol
- So tell me, what happened at that square in 1989?
  
  Please explain how this is Sinophobic.
Last year Dario Amodei, the co-founder of leading AI firm Anthropic, put the current cost of training advanced models at between $100m and $1bn.
So his estimate is so vague as to be fucking useless.
How people haven't seen through this emperors new clothes nonsense & grasped that these are the bullshitting self appointed druids of the neo religion.
That bubble they keep mentioning is where they're all getting high off their own farts
- Business people will do almost anything to eliminate wages
- Tbf, that could also just be describing the variability of models.
  I'd imagine there's a difference in cost for training Dall-E 3 and GPT-3.5 for example.
Sweet, cheaper stocks this week.
ELI5 request on lemmy: "You see, dear grandchildren, your grandfather used to have an apple orchard. The fruits were so sweet and nutritious that every town citizen wanted a taste because they thought it was the only possible orchard in the world. Therefore the citizens gave a lot of money to your grandfather because the citizens thought the orchard would give them more apples in return, more than the worth of the money they gave. Little did they know the world was vastly larger than our ever more arid US wasteland. Suddenly an oriental orchard was discovered which was surprisingly cheaper to plant, maintain, and produced more apples. This meant a significant potential loss of money for the inhabitants of the town called Idiocracy. Therefore, many people asked their money back by selling their imaginary not-yet-grown apples to people who think the orchard will still be worth more in the future.
This is called investing, or to those who are honest with themselves: participating in a multi-level marketing pyramid scheme. You see, children, it can make a lot of money, but it destroys the soul and our habitat at the same time, which goes unnoticed by all these people with advanced degrees. So think again when you hear someone speak with fancy words and untamed confidence. Many a times their reasoning falls below the threshold of dog poop. But that’s a story for another time. Sweet dreams."

37 comments