‘Sputnik moment’: $1tn wiped off US stocks after Chinese firm unveils AI chatbot

One of those rare lucid moments by the stock market? Is this the market correction that everyone knew was coming, or is some famous techbro going to technobabble some more about AI overlords and they return to their fantasy values?

Emergence of DeepSeek raises doubts about sustainability of western artificial intelligence boom

Is the "emergence of DeepSeek" really what raised doubts? Are we really sure there haven't been lots of doubts raised previous to this? Doubts raised by intelligent people who know what they're talking about?

The economy rests on a fucking chatbot. This future sucks.

Wow, China just fucked up the Techbros more than the Democratic or Republican party ever has or ever will. Well played.

Almost like yet again the tech industry is run by lemming CEOs chasing the latest moss to eat.

The best part is that it's open source and available for download

Hello darkness my old friend

Nvidia’s most advanced chips, H100s, have been banned from export to China since September 2022 by US sanctions. Nvidia then developed the less powerful H800 chips for the Chinese market, although they were also banned from export to China last October.

I love how in the US they talk about meritocracy, competition being good, blablabla... but they rig the game from the beginning. And even so, people find a way to be better. Fascinating.

This just shows how speculative the whole AI obsession has been. Wildly unstable and subject to huge shifts since its value isn't based on anything solid.

and it's open-source!

Lol serves you right for pushing AI onto us without our consent

"wiped"? There was money and it ceased to exist?

Remember to cancel your Microsoft 365 subscription to kick them while they're down

The funny thing is, this was unveiled a while ago and I guess investors only just noticed it.

As a European, gotta say I trust China's intentions more than the US' right now.

Wait. You mean every major tech company going all-in on "AI" was a bad idea. I, for one, am shocked at this revelation.

Looks like it is not any smarter than the other junk on the market. The confusion that people consider AI as "intelligence" may be rooted in their own deficits in that area.

And now people exchange one American Junk-spitting Spyware for a Chinese junk-spitting spyware. Hurray! Progress!

Hilarious that this happens the week of the 5090 release, too. Wonder if it'll affect things there.

No surprise. American companies are chasing fantasies of general intelligence rather than optimizing for today's reality.

So if the Chinese version is so efficient, and is open source, then couldn't openAI and anthropic run the same on their huge hardware and get enormous capacity out of it?

Idiotic market reaction. Buy the dip, if that's your thing? But this is all disgusting, day trading and chasing news like fucking vultures

Let's tariff taiwan!

I'd argue this is even worse than Sputnik for the US because Sputnik spurred technological development that boosted the economy. Meanwhile, this is popping the economic bubble in the US built around the AI subscription model.

The "1 trillion" never existed in the first place. It was all hype by a bunch of Tech-Bros, huffing each other's farts.

One Tera Newton? That's a huge force!

I am extremely ignorant of all this AI thing. So please can somebody "Explain Like I'm 5" why can this new thing can wipe off over a trillion dollars in US stock ? I would appreciate it a lot if you can help.

All of this deepseek hype is overblown. Deepseek model was still trained on older american Nvidia GPUs.

Tech bros learn about diminishing returns challenge (impossible)

Interesting it won’t let you login or signup using a VPN, even set to the correct country