Nvidia falls 12% in premarket trading- DeepSeek triggers global tech sell-off

[rcjordan]

    U.S. technology firms plunged in premarket trading, as Chinese startup DeepSeek sparked concerns over competitiveness in AI and America's lead in the sector, triggering a global sell-off.

    DeepSeek launched a free, open-source large-language model in late December, claiming it was developed in just two months at a cost of under $6 million.

    The developments have stoked questions about the large amounts of money big tech companies have been investing in AI models and data centers.

https://www.cnbc.com/2025/01/27/nvidia-falls-10percent-in-premarket-trading-as-chinas-deepseek-triggers-global-tech-sell-off.html

[Brad]

>two months at a cost of under $6 million.

If true ...  Bwahahahahah!

[Brad]

From Matt Stoller

https://www.thebignewsletter.com/p/monopoly-round-up-china-embarrasses

[rcjordan]

China's cheap, open AI model DeepSeek thrills scientists
https://www.nature.com/articles/d41586-025-00229-6

It is being actively distributed by the LLM groupies and will run locally. See ollama

[buckworks]

Here's an excellent video about DeepSeek and why it matters:

https://www.youtube.com/live/nLOvJ9alKGM

I own books by both these guys.