Wasn't sure where to put this but it impacts Trump's Presidency so it's as good a place as any:
https://www.reuters.com/technology/c...ut-2025-01-27/
Quote:
Investors made a quick exit from a host of technology stocks from Tokyo to New York on Monday as the emergence of a low-cost Chinese artificial intelligence model challenged the dominance of current AI leaders such as Nvidia (NVDA.O), opens new tab.
Raising questions about the level of investment needed for AI, startup DeepSeek launched a free AI assistant last week that it says uses less data at a fraction of the cost of incumbent services.
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I think this is a much bigger story than covered so far. America thought they had a big lead in AI simply because of the power and cost involved in training models and they limited China's supply to American chipsets to capitalise on it.
China just dropped a model trained at 1/10th of the cost is matches or exceeds OpenAI's o1 model, their most advanced, in nearly all benchmarks.
It's tanked American AI stock prices and upends the entire market. It raises a lot of questions on what these American AI companies have been doing with the money when it clearly could have been done a lot more efficiently.