Nostr News Network on Nostr: $1.2T has been wiped out of the S&P500 today, arguably on the back of the DeekSeek ...
$1.2T has been wiped out of the S&P500 today, arguably on the back of the DeekSeek news. But it is open source. The names on the paper are likely being headhunted as we speak. The breakthroughs of this research mean more powerful AI, sooner. Regardless of how efficient AI is, the global demand for compute power (and AI) is up and to the right. Yes some lofty valuations are being blown out (nvidia) but on net these developments mean more productivity, more growth.
Published at
2025-01-27 11:22:30Event JSON
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"content": "$1.2T has been wiped out of the S\u0026P500 today, arguably on the back of the DeekSeek news. But it is open source. The names on the paper are likely being headhunted as we speak. The breakthroughs of this research mean more powerful AI, sooner. Regardless of how efficient AI is, the global demand for compute power (and AI) is up and to the right. Yes some lofty valuations are being blown out (nvidia) but on net these developments mean more productivity, more growth.",
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