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Shortly after this
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The AI Wars.
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Can’t way for Beef Battles between AIs 
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Hmmmmm
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So at well over $3 Trillion market cap Nvidia was probably significantly overvalued regardless of what other advancements were made in the industry, but man, this does seem like it could be a major blow to the assumptions that tech investors were banking on. It was reported that the Deepseek team only spent $6M on the chips to train their model.
I guess there may be some environmental benefits to this if it means fewer coal plants reopening, and there’s always the shadenfreid of watching techbros lose some of their money, but it’s also hard to be very excited about cheaper AI making its way into all our tech, especially if it’s a version that was trained not to discuss important events like Tienamen Square.
Edit to add:
This column had a few good lines. And the first time I’ve seen the term “broligarchs” used. An apt term, for sure.
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I’m sure there’s a way to get Neil Young in on this.
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Update:
Today Nvidia’s market cap dropped about $600B in a sell-off on the news about DeepSeek. That’s a ludicrous amount of money- more than double the entire market cap of Coca Cola, for example. Yet it was only a decline of 18%. The numbers are just too huge for humans to comprehend. Maybe we need a crappy AI to break it down and explain it to us in simple terms. (Or not)
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This is really weird.
I was reading a VentureBeat article via Techmeme only yesterday morning about how DeepSeek were making their LLM by almost entirely bypassing the supervised fine-tuning process that other models have been using heavily, and just relying primarily on reinforcement learning, and this morning I wake up to learn that they’ve wiped a trillion dollars off of the (until now) major players’ stock prices.
But as well as the delicious schadenfreude of seeing the techbros having their noses rubbed in the mess they’ve made, this New Atlas article touches on something possibly even more important:
It’s ripped the monopoly on AI out of the hands of a few US companies.
We are living in interesting times.
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https://www.sfgate.com/tech/article/san-francisco-tech-founder-wife-arrested-20059563.php
Prosecutors slammed founder Alex Beckman and lawyer Valerie Lau with a laundry list of charges around allegedly defrauding investors in Beckman’s artificial intelligence startup — formerly known as GameOn Technology, now as ON Platform — out of $60 million. The indictment alleges the couple faked bank records and impersonated business contacts in a “brazen and wide-ranging” scheme that lasted from 2018 to 2024.
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$60 million in an AI/game grift? Amateurs.
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ETA
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