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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[–] 117 points 2 years ago (2 children)
  • [–] 113 points 2 years ago (22 children)

    Has anyone tried to save the stock market by calling DeepSeek woke yet

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  • [–] 88 points 2 years ago (14 children)

    Reddit is wall to wall tinyman square xinnie the pooh deepseek memes right now so we'll see if that pans out for them

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  • [–] 72 points 2 years ago (10 children)

    So much cope in the comments "Chyna is 40 years behind us!" and "It's easy to do when you steal!" I'm like brother look at Shenzhen and compare it to ANY US city.

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  • [–] 74 points 2 years ago (6 children)

    “Easy to do when you steal”, is pretty fucking rich coming from someone defending US tech companies.

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  • [–] 53 points 2 years ago (4 children)

    Also reveals that le epic science redditors don't actually care about science and human advancement. Everything is "stolen" in science, in that it builds on something someone else developed before you. Technological advancements have been getting "stolen" (sometimes more literally, other times more "ethically" or legitimately) since we were knapping rocks.

    Newton's original physics and calculus methods SUCK compared to modern physics (specifically "classical") and calculus methods, because we've had like 300 years to improve it. But you know redditors/westerners would be first to say Einstein stole from Westerners if he were East Asian.

    Also goes to show that the whole modern techbro "open source" knowledge thing isn't out of principle. Its to outsource labor whenever the labor doesn't produce an immediate value. Techbros should be happy the Chinese devs made it open source, because THEY CAN USE IT TOO. But nope, because they can't solely profit off it, they're mad.

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  • [–] 31 points 2 years ago

    Even during my short-lived time as a cs student there was a saying:

    “Good programmers write good code. Great programmers steal great code!” Capitalism’s logic is incompatible with the nature of knowledge itself. There’s so much inefficiency because people want to sit on and do nothing with their IPs or knowledge.

    Imagine if even your local community college could have the information to teach Harvard level classes at a fraction of the price?

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  • [–] [S] 66 points 2 years ago (5 children)

    Earlier today it was facing a cyberattack lmao so they tried it

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  • [–] 24 points 2 years ago (3 children)
  • [–] [S] 49 points 2 years ago* (last edited 2 years ago) (2 children)

    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

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  • [+] 106 points 2 years ago* (last edited 1 year ago) (4 children)
  • [–] [S] 78 points 2 years ago (3 children)

    Hey egg baskets are also becoming quite valuable right now as bird flu runs rampant through US livestock so they might be onto something

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  • [–] 84 points 2 years ago (9 children)

    I remember reading about how the US was funding a ton of solar panel manufacturing, then when China made them cheaper than the US could, dragged the world back to oil. I wonder if the US will try the same trick here.

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  • [–] 52 points 2 years ago (4 children)

    They will ban Deepseek for “national security” reasons that are never detailed or elaborated on. Like TikTok.

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  • [–] [S] 35 points 2 years ago (3 children)

    They’ll never be able to. It’s open source software

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    [–] 82 points 2 years ago

    xi-reactionary-spotted

    you popped our weather balloon with a missile, now we pop your AI balloon with open source innovation

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  • [–] 65 points 2 years ago (2 children)
  • [–] 49 points 2 years ago

    I have a pretty dull day at work today but every half an hour i google "nvidia stock" and it keeps me going

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  • [+] 41 points 2 years ago* (last edited 6 months ago)
    [–] 36 points 2 years ago

    libcons and overton windowmaxxers for nearly 30 years: (vaguely) China is doing a trade war on us!

    china today: moo hoo ha ha

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  • [–] 30 points 2 years ago

    And the bubble is popping

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  • [–] 26 points 2 years ago
    [–] 23 points 2 years ago

    deng-smile And where did that bring you? deng-cowboy

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  • [–] 20 points 2 years ago
    [–] 20 points 2 years ago*
    [–] 18 points 2 years ago

    For they have sown the wind, and they shall reap the whirlwind

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  • [–] 16 points 2 years ago

    Skill issue troll

    hamas-red-triangle

    9/11 (wall street)

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  • [–] 16 points 2 years ago
    [–] 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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