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Is DeepSeek about to cause a stock market crash?
(uk.finance.yahoo.com)
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this post was submitted on 27 Jan 2025
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The bubble won't burst from this (someone else making a cheaper AI product does nothing to the idea that AI itself is a useful product and profitable investment), it's only once people realize that AI isn't profitable in the slightest that the bubble will burst.
i think investors are putting money into AI because they don't really know where else to put it ... economic growth is stagnating practically everywhere except maybe africa, but there it's difficult as well for instability reasons.
i think technological development is coming to a halt in general. the last steps will be renewable energy and cleaning up the dirty industries, but apart from that, only space exploration (think mars) will provide further economic growth.