quarrk comments on 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

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 2 years ago* (last edited 2 years ago) by CoolerOpposide@hexbear.net [M] 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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[–] quarrk@hexbear.net 15 points 2 years ago* (last edited 2 years ago) (2 children)

Nvidias stock was $13 only four years ago, and until a few days ago it was 10 times that? Jesus Christ.

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[–] merthyr1831@lemmy.ml 19 points 2 years ago (1 child)

this was published when Nvidia was already 8% down in after hours trading

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[–] quarrk@hexbear.net 12 points 2 years ago

Thanks, I just noticed I wrote 4x when I meant 10x. And lol “screaming” is an interesting, and inevitably accurate, word choice

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