this post was submitted on 28 Jan 2025
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[–] hmmm@sh.itjust.works 46 points 1 year ago (3 children)
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[–] Matriks404@lemmy.world 35 points 1 year ago (2 children)

Every sane person working in tech saw that coming, lol. Not saying that AI is bullshit, but it doesn't do anything that marketing want you to believe.

[–] whotookkarl@lemmy.world 4 points 1 year ago* (last edited 1 year ago) (1 children)

100%, AI moves in cycles related to scientific research, same as most other tech innovation funding hype boom/bust cycles.

Incremental scientific research delivers new possible features -> funding hype to be first to market -> engineering builds products based on new tech -> people learn what it can and cannot do through use -> hype dies and funding dries up (you are here for LLMs) -> less funding stops engineering new products and research continues incremental changes until repeat.

It's been that way for AI since the 80s with expert systems, then deep nets, and now LLMs. I suspect a lot of layoffs over the past year have been related to over committing to commercial office space and AI solutions not delivering projected ROIs.

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[–] ddplf@szmer.info 29 points 1 year ago (5 children)

What am I looking at? What's the reason behind this collapse?

[–] Hobbes_Dent@lemmy.world 72 points 1 year ago (4 children)

My horrible take only based on a few snippets:

Chinese open source AI releases, wipes the floor with US AI. Exposes AI as massively overvalued. Not surprising considering how big tech is just taking everything. Nvidia loses like half a trillion in value.

I’m happy to see a home run against the fascists that hurt them more than violence, at least to start. And I’m not a fan of AI (as hyped), but if it’s going to happen I’d rather it be with an open source performer as a base than the venture capitalists that abandoned us.

And really the US is no more trustworthy than China for those of us under the shadow of the big dick energy stuporpowers.

[–] fckreddit@lemmy.ml 34 points 1 year ago (1 children)

Happy to see free market working as intended.

[–] niktemadur@lemmy.world 10 points 1 year ago

Wait til they find a way to blame Biden for this!

[–] lemmylommy@lemmy.world 15 points 1 year ago (2 children)

That open source performer is very much aligned with Winnie the poohs censorship, which should be worrying.

[–] liyunxiao@sh.itjust.works 4 points 1 year ago (1 children)

The model has no censorship. Some websites running the model are hosted in China and thus do. Use one of the thousands of instances that run out of the US or run it yourself. It's not like chatgpt or other openai trash, it's system requirements are pretty low.

[–] intensely_human@lemm.ee 2 points 1 year ago (1 children)

Run one and ask it about Tiananmen. Post your results here.

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[–] AA5B@lemmy.world 6 points 1 year ago

Not overvalued exactly. I believe the main point is they claimed to have used much much less power to train it, and that it demonstrates equivalent capability on much much less power.

There’s been a huge stock bubble on speculation of near infinite demand for datacenters, and NVidia processors. If DeepSeek’s claims are true, they just popped that bubble. We don’t suddenly need so many new datacenters. Demand for NVidia processors is not infinite, and their stock price is excessive compared to reality

[–] Rolder@reddthat.com 6 points 1 year ago (10 children)

Home run against the fascists, in favor of the other fascists

[–] DragonTypeWyvern@midwest.social 7 points 1 year ago (1 children)

At least red fascists get healthcare. American fascists are really going to need to step up their game on the bread and circus front.

[–] Rolder@reddthat.com 3 points 1 year ago (4 children)

I would honestly be more pro China if they weren’t so unbearably heavy on the censorship front

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[–] guy@piefed.social 26 points 1 year ago (3 children)

Chinese ChatGPT outperforms American models, on cheaper and less powerful chips as well. Leading to speculations of overvalued tech stocks in the US on an already very high valued market

[–] GissaMittJobb@lemmy.ml 4 points 1 year ago

Chinese ChatGPT outperforms

On par with

on cheaper and less powerful chips as well.

Trained for less money on weaker hardware

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[–] CommanderCloon@lemmy.ml 16 points 1 year ago* (last edited 1 year ago)

Only some tech companies took a L, this is not a real image (unfortunately). The reason being that a chinese company managed to surpass OpenAI's best models with 6 million funding and limited access to hardware, proving that Nvidia's hardware isn't all that necessary, and OpenAI is throwing money out the window

https://finviz.com/map.ashx

Loss in trust in the US economy under Trump along with the appearance of a new "Hail Mary" by investors who can look outside of the US' national borders unlike Trump and his followers.

[–] Telodzrum@lemmy.world 4 points 1 year ago

It’s not a collapse (yet). This is the first of many market corrections as AI drops back into the realm of reality.

[–] fine_sandy_bottom@discuss.tchncs.de 28 points 1 year ago (1 children)

You know, I used to worry about China taking over the world, but honestly they look like a much better choice for a super power than the US is now.

I for one welcome our new communist overlords.

[–] MothmanDelorian@lemmy.world 5 points 1 year ago
[–] boredtortoise@lemm.ee 5 points 1 year ago

After this one?

[–] cholesterol@lemmy.world 3 points 1 year ago (1 children)
[–] capuccino@lemmy.world 3 points 1 year ago (1 children)
[–] intensely_human@lemm.ee 2 points 1 year ago

I read that in Trump’s voice lol

[–] muntedcrocodile@lemm.ee 2 points 1 year ago
[–] janonymous@lemmy.world 2 points 1 year ago (4 children)

Is now a good time to invest in stocks?

[–] HikingVet@lemmy.ca 3 points 1 year ago

Do you have money to throw away?

[–] AA5B@lemmy.world 2 points 1 year ago

Now is just as speculative a time to buy as yesterday. Stocks are unstable. Maybe someone will prove DeepSeek lied and stocks will explode again. Maybe they’ll be proven true and stocks will drop much more.

[–] GrammarPolice@lemmy.world 2 points 1 year ago (5 children)
[–] DragonTypeWyvern@midwest.social 2 points 1 year ago* (last edited 1 year ago)

Funnily enough, this actually worked the first time GME crashed.

Just not the second.

Buy the dip, not the others.

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[–] Telodzrum@lemmy.world 2 points 1 year ago

The best time is yesterday. The second best time is today.

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