More or Less #84: China's DeepSeek Shakes the Tech World
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Jan 31, 2025 A groundbreaking Chinese model, DeepSeek, is shaking up Big Tech, causing a $1 trillion loss in market value. The hosts humorously dissect the role of memes in financial markets and discuss the rapid transformation of news consumption in our digital age. They delve into meme coins, the nostalgia of platforms like Vine, and the differences between open source and proprietary tech. AI advancements also take center stage, revealing the competitive landscape and its impact on corporate strategies. Expect laughs and insights throughout!
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DeepSeek Disrupts AI Landscape
- DeepSeek, a Chinese AI company, shook the tech world by releasing a model trained with allegedly less compute.
- This triggered a $1 trillion market cap loss for Nvidia and others, raising questions about efficient training.
Meme-Driven Markets
- The value of assets like AI is increasingly driven by memes and narratives rather than fundamental reality.
- This meme-driven market is susceptible to manipulation, as seen with DeepSeek's impact on Nvidia's valuation.
The Spectrum of Memes
- Memes exist on a spectrum, from pure belief (like the Messiah) to those tied to reality (like accounting).
- Assets with values tied to reality are more susceptible to market fluctuations.
