ScalziJan 27, 2025

Oh no the Chinese are doing the useless thing that gives wrong answers cheaper

https://www.cnn.com/2025/01/27/tech/deepseek-stocks-ai-china/index.html

A shocking Chinese AI advancement called DeepSeek is sending US stocks plunging

US stocks dropped sharply Monday — and chipmaker Nvidia lost nearly $600 billion in market value — after a surprise advancement from a Chinese artificial intelligence company, DeepSeek, threatened the aura of invincibility surrounding America’s technology industry.

CNN
Show threadNicky🦨✌️
@scalzi so china did what china does—it made a knock off version of a thing at a lower price point than the other guy…
Jan 27, 2025 at 6:40pmWeb
Show threadGhostOnTheHalfShellJan 27, 2025

@skoombidoombis @scalzi

Time will tell, but they do seem to have produced a better mousetrap as well.

Competition is a bitch. Too bad the free market fundamentalist spent the last 40 years stamping out any with that pesky competition.

Because free market fundamentalist actually argue that monopoly is fine.

The marketplace doesn't need actual competitors competing in it in order to be free market.

🧵