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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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Not really. Firstly, I think the two "production differences" are more similar than you think, in that they are closely coupled. Secondly, this is just a petite bourgeois company (relatively petite, at least) doing what a petite bourgeois company does. This is the entire "point" of this niche of the bourgeoisie and is not unique to China right now, although China is executing it better than some other countries obviously. The structures are not meaningfully different between the west and China, really just goes to show how ripe "AI" (LLMs) are for further "development".
Thank you for the input, I agree that they at least seem closely coupled. But on a system level these systems are different and are producing very different results.
Do we then think this could have been developed anywhere in the capitalist West just as well?
Is not the logic of what sort of things labor power is used on and what projects get implemented affected by the system a product is made in? Would this startup get funded in a capitalist country and is it based on profit as much as the ones we have here? Why is the financial grift missing from the final numbers.
Yes pretty much. The west investing quite heavily into AI, so a small research team may have done something similar.
The real "only state planning can do this" projects are stuff like the Chinese HSR and space program, which are incredibly impressive.