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Funny bit idea: Pop the US tech industry bubble by showing the Americans that they can’t even compete at something they thought they were generations ahead on, and make it strictly open source (hexbear.net)
submitted 3 weeks ago* (last edited 3 weeks ago) by CoolerOpposide@hexbear.net to c/chapotraphouse@hexbear.net
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2 Trillion dollars in U.S. Stock market cap erased in a day by DeepSeek, which was released only a day after the US announced a 500 billion dollar investment in AI.

DeepSeek only invested 5.6 million dollars in computing power.

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[-] IceWallowCum@hexbear.net 24 points 3 weeks ago

Is that why it was down?

[-] CoolerOpposide@hexbear.net 49 points 3 weeks ago* (last edited 3 weeks ago)

Yes. Nvidia alone is down 17% and has lost $560 billion in market value

Oh wait I thought you were responding to the post in general asking about Nvidia. Yes, for some people that is why DeepSeek was down! my bad

this post was submitted on 27 Jan 2025
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