It was going to happen, but it’s amusing that a startup ( DeepSeek) is capable of wiping out billions in a day from nvidia, Google, Microsoft etc. Today will be a teaser of how markets will react when everyone realizes that bottomless spending on AI without equitable returns is probably not great

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Thankfully all my money is in FartCoin

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If some chatbot can wipe out half a trillion market value from a company I'm not sure what else can tell anyone that this is a bubble. And the abominations done in the name of this AI gold rush are probably criminal.

Impacted workforce and budgets, energy consumption and made companies lose focus on what really matters. Their customers.

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My AI chatbot PyAssist is an AI powered customer service agent that can attend to customer issues, resolve those issues and answer inquiries.

I think PyAssist is worth alot, I just need the right set of people to see the vision and work through it

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The entire AI grift is an ongoing tech bro scam. Facilitated by the banking class who are eyeing to reallocate trillions in assets that is up for grabs. They have currently exhausted every form of instrument like ESG, clean energy, blockchain, climate etc.,

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Sit this one out, lmao

Don't believe everything you hear from China. They may spend a billion on something and tell the world they spent 5 million. Guaranteed the 5M cost is total bull crap. There is strategy here, from a communist country, to try and damage competing countries/companies. They waited until after inaguration to cause a drop in the stock market and make our President look bad. They likely shorted the US stocks and made a fortune with the drop they created. The media embraces this story without any fact checking, so it works perfectly for China. Credit - Dan Bongino.

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What do I do I've looked up felony friendly jobs there's no such they

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Nah we need nuclear reactors to run AI like Microsoft said. 🤣

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Will the nuclear reactors be controlled by AI?

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This has been a market overreaction. First and foremost, IF DeepSeek is actually doing what it says it does for cheap, who wants all of their data they collect stored on (and owned by) Chinese servers?

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Their code can be run anywhere. Microsoft is already providing R1 in azure.

You're right about the questionable returns on bottomless AI spending, but Nividia stock will reach all time highs soon and it recouped a huge portion of the losses on Tuesday. Investor sentiment is driving prices now not fundamentals. Media loves this.

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It is just an over reaction, added to the fear of Trumps tariffs, and Colombia's two day struggle. The market will rebound before the end of the week, unless any economical indicator comes out lower than expected.

maybe this will make the 50 series GPUs cheaper since nvidia's stock tanked

It is perhaps ironic that AI has made news headlines by impacting financial markets in this way. Maybe I am a pessimist, but I was expecting AI to hit the news by causing some kind of "unexpected" financial meltdown/panic/shock related to its introduction in automatic trading. Who can be trusted more to make such decisions, machines or humans?

Humans don’t have a great track record either. They are prone to panic, meme mentality, short term thinking, greed and fear. Not the most rational decision makers.

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Stick with nvdia they have a lot going on.

Personally as a Software Engineer, I like to test every sort of Technology, I don't know what is the surprise about that, I have a couple of months running DeepSeek and Mistral with Ollama on my Linux with Docker, they are great Models, and I haven't used them to full capacity yet because im lacking of resources.

I look at the AI industry right now, like the space program in the 20th Century. It is impressive technologically but also costly. Eventually, the economics catch up. So many tech leaders are terrible at ROI on their projects.

When the disruptors get disrupted

Buy the dip!

How many of you realise that China is at it again!!
Months ago, China hacked results generated by ChatGPT. Troves of data were downloaded and of course, if you have the "database" of responses, it won't cost you billions (just millions) to develop a version of AI already seeded.

It is the knee-jerk reaction of social and broadcast media that creates this market volatility. An understanding of the technology is no longer required to affect the market, and by proxy the tech economy. Cooler heads must prevail.

Bear in mind that the what was wiped out never existed. A large factor in the failure to capitalize on the positive opportunities of AI is that the effort is funded by a gambler’s attitude, like practically everything else driven by the stock market model. That 500 billion dollars that was “wiped out” was imaginary, and that it was incinerated so easily and quickly tells you everything about why western AI efforts are laughable on some level. When a pursuit is driven by quick returns it will always be shortsighted and transitory in value. The stranglehold investment markets have on progress is a deadly reminder of the fact we abandoned actual capitalism decades ago. We used to tie investments to opportunity tied to real activity, grew value in stages, and maintained a connection to some reality. Modern investment markets seem completely disconnected even from their own best interests.

Common stocks that pay no dividends should be banned
Then society would be grounded to the real

DeepSeek has a few faults that are being covered up by some nifty tricks.

Everyone in the world can do things cheaper than the US, this has been known for a while. Majority of tech is an overpriced, oversupplied, overprovisioned money losing commodity forever including AI models. The research and cutting edge breakthroughs are great.

Well... the Chinese can for two reasons:
1. They build sub-par products (Tofu-dreg is the term they use internally). So you of course end up re purchasing the same products over and over again, so in the end it will cost more. In the case of their EV's, they're actually incredibly dangerous.

2. They have enslaved Uhigur's, Falun Dafa and others so Zero labor costs.

I would argue, not really an apples to apples comparison. Tricky Dick Nixon should never have opened that Pandora's box (China) OR de-coupled the US dollar from gold.

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