'Sputnik moment': $1T wiped off US stocks after Chinese firm unveils AI chatbot(theguardian.com)
theguardian.com
'Sputnik moment': $1T wiped off US stocks after Chinese firm unveils AI chatbot
https://www.theguardian.com/business/2025/jan/27/tech-shares-asia-europe-fall-china-ai-deepseek
5 comments
It was inevitable, someone had to do it and I don't understand the awful fact that the West still lives in a bubble where it thinks that they are the only source of innovation in this world. There's a lot of innovation going on in the rest of the world too.
The bubble we're living in is a financial one built on LLM snake oil. Stupid rich people get what they deserve. I hope deepfake takes their jobs too.
Chinese innovators have mastered building knock-offs faster and cheaper.
Now they’re taking the open-source route in AI. This shift could redefine tech, AI, war, and the global economy.
Now they’re taking the open-source route in AI. This shift could redefine tech, AI, war, and the global economy.
One of the 3 I's of innovation is iteration, if we call iterating innovation as building knockoffs then we might as well dismiss all other successful products that were iterations.