Thats the same thought I had. Its not a traditional destructive explosive, but it has the same shaking capacity. Who knows which others follow. Could they decide to make their OS public to the world? I would love to see Windows wash away in my lifetime.
@@webspec, they have free wps (word processing). It works just as well as Microsoft words, Excels..and so for. The best thing is it's free. We students love it.
Great video!! I can recall when I was homeless and faced many things in life until $70,000 biweekly began rolling in and my life went from a homeless nobody to a different person with good things to offer!!!!
I discovered Ms Elizabeth Regina Nelson through a recommendation on ABC News, and I've been following her lead ever since. Honestly, I was skeptical about entrusting someone with my financial growth, but I'm thrilled that I took the leap.
Wow 😲 have heard a lot of wonderful things about mrs Elizabeth Regina nelsen on the news but didn't believe it until now. l'm definitely trying her out😇
Attending her seminars must have been incredibly informative and inspiring, encouraging you to take the leap and start your own crypto investment journey. That's fantastic!
Actually the DeepSeek company linked to the venture company... Had a lot of people that likes Open Source... The CEO said in a interview that the reward to the team was the cooperation with Open Source community ideals
@@dltn42No, DeepSeek is just a side project of a Chinese private hedge fund High-Flyer, which specializes in shorting stocks. They’ve already made enough money with this release.
There is capital element in Chinese economy structure, but no capitalism in the state. There are some capitalists, but they need to follow state socialism plans
China has been actively promoting the importance of making artificial intelligence (AI) accessible to the Global South, emphasizing collaboration and shared benefits.
US Capitalism undermined by genuine competition. You know, one of the key pillars of Capitalism. Maybe its not really Capitalism they practice in the US?
Europe failed to create a single company that could compete with American tech giants like Google, Facebook, Apple, Microsoft, Tesla etc Stop giving capitalism as an excuse and take responsibility for your incompetence.
For sure is not I wouldn't define what is in place in america as capitalism but rather corporativism. We had it in other parts of the world and is not good.
Free Market Capitalism doesn't exist, for it to exist there would be no government interfering in the market but that is not the case for any country. The USA uses tariffs, sanctions, blockades, invasions, proxy wars, color revolutions, destabilizations, gun boat diplomacy, trade coercions like the Plaza Accords, and the militarization of their currency to get what they want.
In theory, Capitalism encourages competition. American Capitalism had degenerated into ugly monopolies, yet the people were forced to accept it as the great American Democratic achievement/contribution to the world. Westerners should be woken up already.
@@skasteve6528 When it comes to commercial AI ( not just ChatGDP but the industrial level tech ) and say Nvidia then they're so far ahead in the market that there really isn't any competition.
Correct!! As well as free elections, so-called democracy (if it changed anything they wouldn't let us have it) and free speech, a total joke, as long as it's what they want you to hear! The media are stenographers for the MIC.
With the greatest of respect, capitalism period doesn't like competition, because it leverages human survival instincts of greed and fear. And if it had been the east first to embrace capitalism, it would have been no different, because exploitation of the string versus the weak was an element of feudal societies worldwide. Land and the resources on or below it was the commodity exploited for the benefit of the strong over the weak. Landlordism or rentier capitalism, was it's earliest form, and that happened in the east too before modern capitalism evolved, using the trading and financial tools that came down the Silk Road from the East. It's time to give up such rarified dichotomies as East and West, when both are climbing the same mountain and using similar tools.
@@ballroomdiva6856 Its not hopefully, they are indeed panicking as we speak. Look at Sam Altman's reaction, ouch. Hurts his wallet but not ours indeed.
*I TRULY CAN NOT SAY HOW HAPPY THIS MAKES ME* Towns and villages in Africa and South Am3ric4 will be able to have their own stand alone medical AI system NO subscription to Open AI - NO subscription to Starlink. Just a computer on a desk searing the health needs of the population. This is an astonishing gift to humanity by China.
Money is never invested to benefit us in capitalism. It is invested to get rid of us and to get rid of paying wages. The benefit for us is an effect of what machines create: mass production for the masses. It is a side effect.
@@billB101 Because the oligarchs know something the rest of the world are not willing to acknowledge. That is, most people are not super talented, and are of average IQ. The oligarchs know that once AI and robotics takes over much work, the world can't afford to have billions of people around who don't contribute much. The oligarchs want to reduce the population to a level where only the best and brightest benefit from s just large enough above average consumer base (doctors, teachers, lawyers, some artists).
@billB101 chatgpt ai stole data vurnalabity, and they are using it without paying anything to the owners of those data. Lots of cases against OpenAI / CHATGPT...but no one talks abt it....
I work within the ML/AI and have done for a couple of decades, I used Deepseek yesterday and it is hugely capable. The only skills needed to master is defining the structuring the prompt.
Hello everybody. Firstly welcome to XiaoHongShu and now welcome to DeepSeek. Congratulations and gratitude to both of their team’s dedication and hardwork. 6 million Deepseek and 500 billion DeepShit. This is China Hong Pau gift to the world. China is advancing fast and very fast on all fronts. China is a blessing to the world. Wishing all a very Happy Spring Festival in The Year Of The Wood Snake
What’s amazing is that Americans even thought that developing AI guided by a communist oligarchy principle would produce a different outcome than this.
Not really. It's just another avenue. Open source just enables a lot of closed source competitors to eventually emerge faster. Eventually, it's closed source which has the edge over dinky open source software that don't have a budget to hire good people. THAT is what capitalism enables, employment of the best. This guy in the video has no clue how capitalism works. It's just his own economic theories.
@@rasmasyean This is the Wikipedia entry for the person you're talking about. I have no idea if he's right in his analysis but he's not just a random person on the Internet. "Richard Murphy (born 21 March 1958) is a British former chartered accountant and political economist who campaigns on issues of tax avoidance and tax evasion.[1] He advises the Trades Union Congress on economics and taxation, and founded the Tax Justice Network. He is a Professor of Accounting Practice at University of Sheffield Management School."
@@rasmasyean I think you missed the bit where Richard said how inefficient such bullying monopolies can be and thus how you end up in Graebers "Bullshit Jobs" scenario. There are always down sides.
The most important feature of all capitalism is that it is not the capitalist who creates the value. It is the worker. But the bulk of those billions that have gone into creating ChatGPT haven't gone to those workers. They have gone to those who owned the capital at all stages. No wonder the costs are so high when so many idle palms have to be filled along the way.
This is so true. There are two ways to develop a successful company: 1) Develop good products that customers want, reward your staff, train them, build a skilled loyal team, constantly strive to improve. 2) hire lobbyists and patent lawyers to use government to shut out the competition
Read some Marx. Capitalism is designed to exploit workers for the sole benefit of the holders of capital. When wages get too high industry goes in search of cheap labor. In the old days it was colonial conquest. Now its open trade that lets you build your company in countries with cheap labor. End stage capitalism is the financialization of every aspect of life with the goal of maximum extraction of rents and wealth concentration. The most important feature of capitalism is capital. Got enough you can by yourself and orange fascist
The economy today is a rentier economy. A small number of people and companies make a lot of money without working for it, but by collecting income from their assets (physical, financial,IP).
Exactly. They’ve built a powerful AI model that’s way cheaper than what the big American tech companies are spending billions on. It’s making investors rethink if all this massive AI spending is even worth it.
That’s what’s crazy. The whole game might be changing. If DeepSeek can do more with less, it forces companies like Google and Microsoft to reconsider their strategies.
Which makes me wonder-how do you even invest safely right now? If AI is shifting the market this much, it feels risky to just throw money at tech stocks.
Happy New Year to the people of China, and thank you for the gift you gave to the world🌹 祝中国人民新年快乐，感谢你们送给世界的礼物🌹 Liang Wenfeng Deepseek is the Chinese version of Robin Hood 梁文峰/Deepseek就是中国版罗宾汉❤❤❤
The biggest threat is that Deepseek is open source and not walled off by massive expense. Cheaper, accessable models can be owned by many. Chinese government involvement or otherwise. Deepseek shows the future of AI can be built by everyone, it would have happened soon anyway, someone would have figured it out. But now the genie is out the bottle. How about all those US tech workers dumped for tech-bro's line-go-up can see opportunities to rock the boat even more. It only take a very few of them to be socially concious enough to do so with open source for the US to be competing with China on AI without the walled gardens. Good times!
Not just American economic model, but market fundamental capitalism backed by law and copywrite. Capital has a tendency to concentrate power and destroy the power of people under the guise of democracy, or liberal freedom. The only power to constrain this is in the hands of government. Social responsibility can only be imposed on the business owner by a government that takes on a role to ensure the people are protected from exploitation. In short capitalism has to evolve to social control of it's powers to succeed. China is just one example today.
... China is just an awful example of any-form of "social-morality". It has simply horrific levels of poverty; 1-in-10 are below world-defining poverty-levels... combined with some of the worst labor and human-rights violations in the world. This is not the model of "morality" anyone should be looking to emulate. Nor... does the Chinese State sponsor actual "capitalisim". China offers private-ventures an opportunity to invest in state-monitored and state-controlled enterprise. This is the opposite of the "free-market" and is opposite the true-conduit to economic and technological-innovation...
Lol. Good luck with that. When you sup with the Devil, you need to use a long spoon, and that usually means cold food. And don't be surprised if people see horns in your head.
Oh, yes! Just look at Europe and China: you can be as poor and oppressed as the people there. As an economist once said: the only thing worse than being exploited by capitalism is not being exploited.
It’s been trained by ChatGPT…..ChatGPT will be trained by Deepseek and around they’ll go until they both start collaborating and figure out humans are the problem 😂
Prof Murphy is serving a very important public service by challenging the mystification that goes by the name ‘economy’ for vested interests in our society. Why isn’t this academic on television regularly?
@@naheem1845 I genuinely don't know why he hasn't been pulled into government as some sort of advisor. He'd be one of my first picks if I was in charge...
Politics determines how wealth is distributed within a country, while wars and diplomacy determine how wealth is distributed between countries. US achieving AI supremacy will benefit some Americans. Still, unless the political system works for everyone, most US citizens will continue to endure all these direct consequences of government policies: Persistent inflation, stagnant wages, soaring healthcare costs, a student loan debt crisis nearing $1.7 trillion, and an education system burdened by increasingly unaffordable tuition. Inadequate public transportation, racial inequality, mass incarceration, militarized policing, deteriorating infrastructure, unaffordable housing, homelessness, the opioid epidemic, and rampant gun violence. Chinese citizens do not experience any of the above problems. Superintelligence may lead to a dystopia or utopia depending on the political system.
I'm so excited about Deepseek. The US AI model seems to be based on spending more and more on processing power and data centres and coming up with enormous models. I love the fact the Deepseek has come up with a more efficient model which is naturally going to cost a lot less to run. Even if the US AI offerings charged the same amount to license as Deepseek it will cost more to run in hardware and electricity. That is so much better for everyone. I don't see how there isn't a market crash in the US because of this, they have sunk so many Billions into AI already and they are producing a product that is inferior by a huge margin. Even if they pivot to more efficient models they won't be able to recoup those investments. The market for expensive, extremely powerful models won't be nearly as large as smaller more efficient models. It's good for the world, not so good for US AI companies and they can't put this back in the box, if they do try to ban it all that will happen is US companies will struggle to compete with global companies.
@@billB101 What are you talking about, would you pay 10 times the price for a product of similar quality? That's why it's inferior, it costs 10 times as much to buy and ten times as much to run. Do you really think businesses are going to keep buying the more expensive product that has no advantages?
@@billB101 It isn't just a chatbot, there is R1 and V3. You have somehow formed the view that Deepseek is inferior while having no idea what you are talking about. There seems to be a lot of people with similar views to you posting on the internet in the last few days.
DeepSeek’s new paradigm is sparse-activated neurons, which resemble the human brain by being locally activated. This represents a true evolutionary trend.
We all thought communism was about the people owning the means of production... Perhaps people everywhere just see and hear what they want to. But, reality goes on regardless.
What is the function of a government to society at large? Of course, to serve the population to the best of its ability at the cheapest cost i.e. most efficiently. DeepSeek is offering that in direct contrast to current American AI models. Isn't the answer obvious?
That requires hard choices that will upset billionaires - ergo its not a thing that can be done until society has literally collapsed this will probably save the NHS though
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... and all the big tech is dependent on China's critical and rare earth minerals on the most fundamental levels; and, a recent S&P report said that it would take 28 years for the US to duplicate China's ecosystem and supply lines in critical and rare earth minerals, and to become self-sufficient. That's almost THREE DECADES. The latest estimates is that it will take China less than five years to catch up with the US in semiconductor, and about 5-10 years to catch up with ASML in lithography, and another 4 years to completely surpass ASML. So, guess which country is gonna win the economic war?
Is this good news for the UK? The UK is certainly innovative but tends to sell out on the cheap to US private equity. At present there has been a US stranglehold of most things tech related on the UK and the US seems to have a monopoly on many areas within the UK. Worse still, the government has recently sacked the head of the Monopolies Commission. Are we really that much under the thumb of the US?
I believe we are. Some guy posted that he wished we had invented this rather than the Chinese. I didnt reply, but I was thinking, if we did, it would have been squashed before even making it out of the gate then brought up and absorbed by a larger company.
Even ChatGPT4 acknowledges that, but it should be noted that actual or potential superpowers tend to throw their actual or implied weight around. So, the UK needs to start thinking for itself again, (i.e. Bulk up) because if the Trumpettes have their way, it will be all stick and no carrot. Indeed, an examination of the post-WWII debate between British and American economists on the future of the global economy was the last time Britain had a chance to shape things on a global scale, and the Americans gave them the bird. J. Maynard Keynes wanted an international currency union, with an international credit the Bancor, being used for international transactions. The Americans would have none of that. The wanted everyone to be dependent upon USD, and that's what happened. Looking from that perspective to now, the present rumblings in the global financial system are unsurprising. 'With great power comes great responsibility.' But people get bored too easily.
I never liked the way the Big Tech bought out emerging innovative companies. Once they are bought the innovation dries up. The need to satisfy shareholders limits expenditure on R&D.
The last I heard was that Deep Seek have adopted a form of Open Source licence that not only makes it free to use but more importantly free to include in software for commercial purposes. Not only will they not charge for commercial use but Big Tech can't either! There goes their business model aand planned revenue streams.
*THIS IS ONLY ONE OF MANY* tech developments China has announced in the last week - about every 4 hours they are dropping another development, most are being overshadowed by this In 2015 China announced the *MADE IN CHINA 2025* project QUOTE ""Made in China 2025" is China's strategic plan to become a global leader in high-tech industries and advanced manufacturing by 2025 through innovation, self-reliance, and industrial upgrading." This year will be astonishing
@@johnwilliams9914"Made in Germany", when introduced, was a warning label the Germans had to attach to their products, to warn the consumers against cheap and low quality copies of English products. In order to catch up, the clever people copy and learn. China is likely to become the new Germany. They show an astonishing speed with catching up and are already overtaking.
Richard, this is your usual interesting analysis. Others have observed in comments that many of these tech companies have grown their monopoly status by acquiring competitors and synergistic technologies to broaden their offering. As they mature, these companies tend to use cash to buy their own shares as a risk-free alternative to investing in innovation.
Samuel Johnson said in the 18th Century, "Patriotism is the last refuge of the scoundrel." And one might add as of now, "National security is the last resort of the rogue regime."
I despise the Chinese govt - but this is simply priceless. Bringing down the arrogant man-babies known as the great invincible all-powerful "Tech Bros" this way.
I must offer my respect and thanks to the altruistic Chinese for their contributions to improving the quality of life of all mankind. They are a contrast to the greedy and evil Wall Street capitalists
I have read many papers but to sum up R1 has five main advantages *1) it give you the reasoning behind its thoughts 2) it is much more Deployable it's like when they first personal computer appeared you don't have to use a huge Data center or large amount of a GPU to run it, you can't even run it on your phone without internet 3) it is cheaper and faster of course 4) most of all it is free 5) open source so you can open you can edit it update it any way you like* Any of the reasons above should be a game changer by itself but combination of five you got a stock crash like yesterday
Downing by 17% is hardly any crash. The real crash as Boeing 737 has repeatedly demonstrated in the past couple years indicates clearly that the genuine crash should be the object being pulverized either by the impacting force or by explosion and fire, or both, till 100% of the original value's gone to oblivion. Now that's the genuine crash.
Karen: We are the beacon of the free and the champion of human right. We are the sole genuine democracy ... that money can buy. Hell to the open source AI!
Oh yes you do... just not on your desktop, but it powers the server farms that power the iternet, it's in a lot of internet hardware, routers etc and it's cousin Android is in millions of devices..
but thanks to linus. Microsoft OS and MS Office getiing cheaper. i cang get official windows 10 and Microsfot Office for 10 usd in my countyry (indonesia) those day i use pirate software it cost me 1000 usd or more just to use their software. open source will create those AI service going down. and many AI startup will rise with better / cheap service.
Two things. I downloaded DeepSeek to my computer. It works great as a standalone software. For free. That means anyone can have their own AI. You don’t even need the Internet to use it. You can customize it. Incredible. Two: I concur. Distributed open source system in AI, social media and the block chain threaten the Oligrachic US model of Capitalism which concentrates wealth. Good.
Dear Richard Murphy. TH-camrs like you are the reason I've stopped watching mainstream media like the BBC and its Danish equivalent. I am MUCH more enlightened by hearing an insightful expert like you pour out your thorough analyses. Kind Regards from Preben M, Denmark
The patents on James Watt's steam engine were used to stifle competition, and it set back steam engine development for a long time. History repeats itself.
Its called "Work". Where work is not "meetings, commitees, charts, sales pitches, marketing, legal team", but a hard skill without levels of indirection and bureaucracy.
❤🎉 DeepSeek is democratising access to knowledge and technology, fostering a global exchange that benefits all of humanity. By freely sharing resources, DeepSeek is breaking down barriers and empowering individuals worldwide to contribute to human development and well-being. This inclusive approach transcends the limitations of traditional capitalist models, promoting collaboration and shared progress towards a more equitable and prosperous future for everyone. ❤❤❤❤🎉
I read a blog post from a Google engineer years ago. They explained that they'd worked there for years without a single line of their code ever going live. They said that various Product Owners (PMs) in the company would build their own kingdoms of developers for projects that never saw the light of day. The Product Owners would move on and the project would just disappear. This is probably similar to why Elon Musk was able to reduce the head count at Twitter so much.
Wonder what effect deepseek will have on the UK's government push for AI, will it considerably lower the governments AI cost as they will not need to pay an ongoing fortune to America tech.
After hearing about the rationale one can also see how TikTok was also challenging the US Tech Bros by 'copying' the interactive-user model (and it's idea that if you aren't paying you are the 'product' to be advertised to). The US emphasis on personal security could be seen as a type false flag level of misdirection for the suppression of TikTok, but the open source DeepSeek AI flips that narrative!
Us tech companies spend zero effort on making llm cheaper and more affordable to the public. Because they simply don't care how many people are using their service,their minds are completely concerned with stock prices. This indicates that us capitalism has developed to a bad phase, in which you don't need to make successful world changing products like what Henry Ford did 100 years ago and you can simply make a hell of money by playing digital games on financial market. This challenges the basic assumption of free market capitalism that it will reward those who push the world forward.
This doesn't do much to disrupt free market capitalism. It is likely that Deepseek was trained using Nvidia chips which were smuggled into China. The true cost of the project is unknown. It's not a good development for OpenAI and Anthropic, but I think that Nvidia will rebound soon.
Free market capitalism makes no such claim. All it claims it that the winners win,whether the world benefits from that or not. In that framework, the market can then reject any product by simply not buying it. Of course, free market capitalism is unrealistic, because it disregards human nature, which is a fundamental flaw when people make up markets. Capitalism ultimately harnesses greed and fear - two emotions that helped us to survive, but are problematic in civilisation. Ignoring that fact, has led us to this messy time of ideological cul de sacs created for the benefit of the asset wealthy to excuse their failings, and prevent having to pay for the consequences. Of course, they want to persuade us that this is ok, whilst we get poorer and our children and grand children get even poorer.
Mr. Murphy, you have earned yourself another subscription. It is rare that someone so plainly lays out what many in the U.S., including myself, have said for a long time: there is no real "fair" competition in the United States. Consumers are regularly grifted by their lack of ability to influence the market, and the massive advantageous large businesses are gifted under federal law. The free market was also championed as efficient, or largely efficient, which you pointed out it isn't. The oligarchs want to abuse us here, and I'm sure in U.K. as well. Best of luck to you: stay intelligent, stay concise and clear, stay safe. You are an important voice in the near future because of your aforementioned talent.
This is like Chinese gov has dropped a nuke on pentagon. The damage is not physical. It is psychological .
Probably even more of a shock to the US elite than the Soviets Sputnik satellite in the 1950s..!?
Thats the same thought I had. Its not a traditional destructive explosive, but it has the same shaking capacity. Who knows which others follow. Could they decide to make their OS public to the world? I would love to see Windows wash away in my lifetime.
* emotionall demage *
@@webspec, they have free wps (word processing). It works just as well as Microsoft words, Excels..and so for. The best thing is it's free. We students love it.
don't think too much, deepseek is literally developed by a private company. not related to Chinese government at all.
Great video!! I can recall when I was homeless and faced many things in life until $70,000 biweekly began rolling in and my life went from a homeless nobody to a different person with good things to offer!!!!
wow this awesome I'm 47 and have been looking for ways to be successful, please how??
I discovered Ms Elizabeth Regina Nelson through a recommendation on ABC News, and I've been following her lead ever since.
Honestly, I was skeptical about entrusting someone with my financial growth, but I'm thrilled that I took the leap.
Wow 😲 have heard a lot of wonderful things about mrs Elizabeth Regina nelsen on the news but didn't believe it until now. l'm definitely trying her out😇
She is really a good investment advisor.
I was privileged to attend some of her seminars. That's how I started my own crypto investment.
Attending her seminars must have been incredibly informative and inspiring, encouraging you to take the leap and start your own crypto investment journey. That's fantastic!
Chinese "state" venture capitalists show how greedy and fragile American "free market" venture capitalists are.
Actually the DeepSeek company linked to the venture company...
Had a lot of people that likes Open Source... The CEO said in a interview that the reward to the team was the cooperation with Open Source community ideals
@@dltn42No, DeepSeek is just a side project of a Chinese private hedge fund High-Flyer, which specializes in shorting stocks. They’ve already made enough money with this release.
In the US, capitalism is king and government is its tool. In China, government is king while capitalism is just among its tools.
There is capital element in Chinese economy structure, but no capitalism in the state. There are some capitalists, but they need to follow state socialism plans
@@oceanwave4502Well said👍🏻
ChatGPT lost its job to AI.
AI (Asian Ingenuity)
Lol
@@OghamTheBold No Chinese rip offs...
@@janjasiewicz9851A happy fella paying $20 a month for a crappy ai lol
@ What underpins AI (Algebra of India) more precisely Islamic scholars like AI-Khwarizmi 🤔 Greece and China
Thank You DeepSeek for going open source. A true gift to the world.
Western people hardly can imagine how happy the Global South is right now... 😤
free DeepSeek download burst the empire's AI bubble. Bravo.
DeepSeek IS NOT OPEN SOURCE; is open works, just like Meta's llama3.
Total control is free to the consumer.
China has been actively promoting the importance of making artificial intelligence (AI) accessible to the Global South, emphasizing collaboration and shared benefits.
The timing was absolutely delicious. I noticed China is doing a Mic drop once every few weeks now
I wonder what the next one will be?
Thanks China. From USA.
American technologies the big tech oligarchs most
Thank god for that! America needs to get in their heads they are not gods
US Capitalism undermined by genuine competition. You know, one of the key pillars of Capitalism.
Maybe its not really Capitalism they practice in the US?
Yes! Rules for thee not for me kind of bullshit.
Same with how they spout international law one minute and drone strike the next.
Europe failed to create a single company that could compete with American tech giants like Google, Facebook, Apple, Microsoft, Tesla etc
Stop giving capitalism as an excuse and take responsibility for your incompetence.
For sure is not I wouldn't define what is in place in america as capitalism but rather corporativism. We had it in other parts of the world and is not good.
or maybe Capitalism is when you use money to shut out competition, and all that's changed is now the mask has dropped?
Free Market Capitalism doesn't exist, for it to exist there would be no government interfering in the market but that is not the case for any country. The USA uses tariffs, sanctions, blockades, invasions, proxy wars, color revolutions, destabilizations, gun boat diplomacy, trade coercions like the Plaza Accords, and the militarization of their currency to get what they want.
Normally in the capitalist economy if a rival appears you buy it and shut it down to keep prices up. But not in this case.
In theory, Capitalism encourages competition. American Capitalism had degenerated into ugly monopolies, yet the people were forced to accept it as the great American Democratic achievement/contribution to the world. Westerners should be woken up already.
Or you could just ensure your people are lobbying the government to clamp down on the competition.
@@skasteve6528 When it comes to commercial AI ( not just ChatGDP but the industrial level tech ) and say Nvidia then they're so far ahead in the market that there really isn't any competition.
Great.... Now i hate Capitalism.
This is more of a hinderance than progressive.
Should've picked Communism ...
I'm sure China will promote cheap AI models to all BRIC countries and other developing countries. So US lost its dreaming future of AI colonialism
US capitalism, indeed western capitalism as a whole, has always been uncompetitive! The so-called "free" market has always been a myth.
Correct!! As well as free elections, so-called democracy (if it changed anything they wouldn't let us have it) and free speech, a total joke, as long as it's what they want you to hear! The media are stenographers for the MIC.
Western patent system is designed to prevent catching up from the Global South, in the name of protecting inventors.
With the greatest of respect, capitalism period doesn't like competition, because it leverages human survival instincts of greed and fear. And if it had been the east first to embrace capitalism, it would have been no different, because exploitation of the string versus the weak was an element of feudal societies worldwide. Land and the resources on or below it was the commodity exploited for the benefit of the strong over the weak. Landlordism or rentier capitalism, was it's earliest form, and that happened in the east too before modern capitalism evolved, using the trading and financial tools that came down the Silk Road from the East. It's time to give up such rarified dichotomies as East and West, when both are climbing the same mountain and using similar tools.
@@CuriousCrow-mp4cx This changes my point how exactly?
Strangely enjoyable news after being irritated by much that comes out of the USA lately. "Make America Normal for Once". Great content, thank you.
I'd argue its never been normal . We just hear more of the BS through the Internet and 24hr media coverage
I cant shake the feeling that Xi waited till they were lined up like ducks behind Trump to drop this one.
😂😂😂 interesting comment
I wouldn't doubt it. This move is straight out of the Art of War.
"The Supreme Art of War is to subdue the enemy without fighting"
😂😂😂😂😂😂
DeepSeek published much of the algorithm last June.
Great move by President Paddington bear!
Oligarchs are panicking!
Hopefully. 🤞🏼🤞🏼🤞🏼
@@ballroomdiva6856 Its not hopefully, they are indeed panicking as we speak. Look at Sam Altman's reaction, ouch. Hurts his wallet but not ours indeed.
Their plans to be real-life Bond villains lie in ruins 👍
I'm truly worried. "They" will mount another Zelenskyy in Taiwan soon... So desperate now. 🥺
News now full of DC plane crash. Call be suspicious.
*I TRULY CAN NOT SAY HOW HAPPY THIS MAKES ME* Towns and villages in Africa and South Am3ric4 will be able to have their own stand alone medical AI system
NO subscription to Open AI - NO subscription to Starlink. Just a computer on a desk searing the health needs of the population. This is an astonishing gift to humanity by China.
No to TechnoFeudalism!
😂
天下為公
四海之內皆兄弟
AI 共享
人類共榮
America doesn't see that way. 😕
Yeah you are joking right?
The money being put into Ai is not to benefit us.
Why do you think this?
Money is never invested to benefit us in capitalism. It is invested to get rid of us and to get rid of paying wages.
The benefit for us is an effect of what machines create: mass production for the masses.
It is a side effect.
@@billB101 Because the oligarchs know something the rest of the world are not willing to acknowledge. That is, most people are not super talented, and are of average IQ. The oligarchs know that once AI and robotics takes over much work, the world can't afford to have billions of people around who don't contribute much. The oligarchs want to reduce the population to a level where only the best and brightest benefit from s just large enough above average consumer base (doctors, teachers, lawyers, some artists).
@billB101 chatgpt ai stole data vurnalabity, and they are using it without paying anything to the owners of those data. Lots of cases against OpenAI / CHATGPT...but no one talks abt it....
if it's going to be privatized by a company, it's going to be for other corporations to lease and for the military.@@billB101
I work within the ML/AI and have done for a couple of decades, I used Deepseek yesterday and it is hugely capable. The only skills needed to master is defining the structuring the prompt.
Hello everybody. Firstly welcome to XiaoHongShu and now welcome to DeepSeek. Congratulations and gratitude to both of their team’s dedication and hardwork. 6 million Deepseek and 500 billion DeepShit. This is China Hong Pau gift to the world. China is advancing fast and very fast on all fronts. China is a blessing to the world. Wishing all a very Happy Spring Festival in The Year Of The Wood Snake
What’s amazing is that Americans even thought that developing AI guided by an oligarchy principle would produce a different outcome than this.
What’s amazing is that Americans even thought that developing AI guided by a communist oligarchy principle would produce a different outcome than this.
Deepseek isn't just better than Chatgpt and FREE. But it uses far less energy and is so much more better for the environment.
Microsoft were in the process of buying a nuclear power station to power their AI projects. Absolute insanity.
It's also lousy if you've tried it.
And it still runs on Nvidia hardware.
don't believe the hype
@@johnwilliams9914 ok fed
@@billB101well if it's lousy all AI is lousy as Deepseek is one of the leading models now
Open-source outsmarted capitalism. 🙃
Plus Chinese government.. gotta take some caution but it shows what can be done.
Not really. It's just another avenue. Open source just enables a lot of closed source competitors to eventually emerge faster. Eventually, it's closed source which has the edge over dinky open source software that don't have a budget to hire good people. THAT is what capitalism enables, employment of the best. This guy in the video has no clue how capitalism works. It's just his own economic theories.
@@rasmasyean
This is the Wikipedia entry for the person you're talking about. I have no idea if he's right in his analysis but he's not just a random person on the Internet.
"Richard Murphy (born 21 March 1958) is a British former chartered accountant and political economist who campaigns on issues of tax avoidance and tax evasion.[1] He advises the Trades Union Congress on economics and taxation, and founded the Tax Justice Network. He is a Professor of Accounting Practice at University of Sheffield Management School."
That's why capitalists hate socialists and demonize them ......
@@rasmasyean I think you missed the bit where Richard said how inefficient such bullying monopolies can be and thus how you end up in Graebers "Bullshit Jobs" scenario. There are always down sides.
The most important feature of all capitalism is that it is not the capitalist who creates the value. It is the worker. But the bulk of those billions that have gone into creating ChatGPT haven't gone to those workers. They have gone to those who owned the capital at all stages. No wonder the costs are so high when so many idle palms have to be filled along the way.
Capitalism rewards ownership, not work, duh
This is so true. There are two ways to develop a successful company:
1) Develop good products that customers want, reward your staff, train them, build a skilled loyal team, constantly strive to improve.
2) hire lobbyists and patent lawyers to use government to shut out the competition
Workers’ Revolution needed
Read some Marx. Capitalism is designed to exploit workers for the sole benefit of the holders of capital. When wages get too high industry goes in search of cheap labor. In the old days it was colonial conquest. Now its open trade that lets you build your company in countries with cheap labor. End stage capitalism is the financialization of every aspect of life with the goal of maximum extraction of rents and wealth concentration. The most important feature of capitalism is capital. Got enough you can by yourself and orange fascist
The economy today is a rentier economy. A small number of people and companies make a lot of money without working for it, but by collecting income from their assets (physical, financial,IP).
Say NO to TechnoFeudalism.
It was ever thus.
Capitalism always was a rentier economy.
America: we love the open market. Deepseek: look what we made. America: that should be banned, it's a threat to national security.
What else is new?
Land of the free 😂
Sue for stealing inform. That will be the same for the training of Chat GPT... Ha
Right@@twenty3_co_uk
"we love the open market"... "tiktok"... "this has to go, because its not American / we strong arm you to give it to us!"
Anyone else find this news hugely satisfying?
Deepseeek destroying monopoly
100% Xi trolling trump, but it also can lead to the development of AI in other countries. Hoping for a competitor to AWS as well
Huawei and Alibaba has cloud too.
@@JMiskovsky Unfortunately, no Huawei Cloud in the US cuz..I guess we are too free for that? (US banned Huawei)
Have you been following what’s happening with DeepSeek?
Yeah, that Chinese AI company? It’s not just making waves in AI; it’s shaking up U.S. capitalism too.
Exactly. They’ve built a powerful AI model that’s way cheaper than what the big American tech companies are spending billions on. It’s making investors rethink if all this massive AI spending is even worth it.
That’s what’s crazy. The whole game might be changing. If DeepSeek can do more with less, it forces companies like Google and Microsoft to reconsider their strategies.
And that uncertainty is already messing with the market. AI stocks have been skyrocketing for months, but now people are second-guessing everything.
Which makes me wonder-how do you even invest safely right now? If AI is shifting the market this much, it feels risky to just throw money at tech stocks.
Happy New Year to the people of China, and thank you for the gift you gave to the world🌹
祝中国人民新年快乐，感谢你们送给世界的礼物🌹
Liang Wenfeng Deepseek is the Chinese version of Robin Hood
梁文峰/Deepseek就是中国版罗宾汉❤❤❤
YES EXACTLY COMPARED.
The "move fast and break things" people don't seem to like it much when somebody else does that to them.
The biggest threat is that Deepseek is open source and not walled off by massive expense. Cheaper, accessable models can be owned by many. Chinese government involvement or otherwise. Deepseek shows the future of AI can be built by everyone, it would have happened soon anyway, someone would have figured it out. But now the genie is out the bottle. How about all those US tech workers dumped for tech-bro's line-go-up can see opportunities to rock the boat even more. It only take a very few of them to be socially concious enough to do so with open source for the US to be competing with China on AI without the walled gardens. Good times!
Why "THREAT"?
For .... 90%(?) of the Global Population DeepSeek is an *OPPORTUNITY*
Not just American economic model, but market fundamental capitalism backed by law and copywrite. Capital has a tendency to concentrate power and destroy the power of people under the guise of democracy, or liberal freedom. The only power to constrain this is in the hands of government. Social responsibility can only be imposed on the business owner by a government that takes on a role to ensure the people are protected from exploitation. In short capitalism has to evolve to social control of it's powers to succeed. China is just one example today.
... China is just an awful example of any-form of "social-morality". It has simply horrific levels of poverty; 1-in-10 are below world-defining poverty-levels... combined with some of the worst labor and human-rights violations in the world. This is not the model of "morality" anyone should be looking to emulate. Nor... does the Chinese State sponsor actual "capitalisim". China offers private-ventures an opportunity to invest in state-monitored and state-controlled enterprise. This is the opposite of the "free-market" and is opposite the true-conduit to economic and technological-innovation...
exactly
Lol. Good luck with that. When you sup with the Devil, you need to use a long spoon, and that usually means cold food. And don't be surprised if people see horns in your head.
Oh, yes! Just look at Europe and China: you can be as poor and oppressed as the people there.
As an economist once said: the only thing worse than being exploited by capitalism is not being exploited.
It’s been trained by ChatGPT…..ChatGPT will be trained by Deepseek and around they’ll go until they both start collaborating and figure out humans are the problem 😂
Not the point. Point is even if they do, no one will pay 10x as much for it
@
Totally agree - gonna go to zero…or there abouts
The end: MATRIX starts to play !
Also add that now for years big tech has hired IT people mainly to take them away of possible competition.
A great video. Hope as many people as possible can see it and THINK
Richard, I love your daily updates. It's basically like thought for the day. Thank you for your content
❤
Prof Murphy is serving a very important public service by challenging the mystification that goes by the name ‘economy’ for vested interests in our society. Why isn’t this academic on television regularly?
@@naheem1845 I genuinely don't know why he hasn't been pulled into government as some sort of advisor. He'd be one of my first picks if I was in charge...
This. Thank you Richard.
@@garethatkinson2549 He was, in Corbyns gov but it never happened so neither did his ideas. This is why he _hates_ labour now.
Politics determines how wealth is distributed within a country, while wars and diplomacy determine how wealth is distributed between countries.
US achieving AI supremacy will benefit some Americans. Still, unless the political system works for everyone, most US citizens will continue to endure all these direct consequences of government policies: Persistent inflation, stagnant wages, soaring healthcare costs, a student loan debt crisis nearing $1.7 trillion, and an education system burdened by increasingly unaffordable tuition. Inadequate public transportation, racial inequality, mass incarceration, militarized policing, deteriorating infrastructure, unaffordable housing, homelessness, the opioid epidemic, and rampant gun violence.
Chinese citizens do not experience any of the above problems.
Superintelligence may lead to a dystopia or utopia depending on the political system.
I'm so excited about Deepseek. The US AI model seems to be based on spending more and more on processing power and data centres and coming up with enormous models. I love the fact the Deepseek has come up with a more efficient model which is naturally going to cost a lot less to run. Even if the US AI offerings charged the same amount to license as Deepseek it will cost more to run in hardware and electricity. That is so much better for everyone. I don't see how there isn't a market crash in the US because of this, they have sunk so many Billions into AI already and they are producing a product that is inferior by a huge margin. Even if they pivot to more efficient models they won't be able to recoup those investments. The market for expensive, extremely powerful models won't be nearly as large as smaller more efficient models. It's good for the world, not so good for US AI companies and they can't put this back in the box, if they do try to ban it all that will happen is US companies will struggle to compete with global companies.
" they are producing a product that is inferior by a huge margin"
Utter nonsense. In fact your whole comment is.
@@billB101 What are you talking about, would you pay 10 times the price for a product of similar quality? That's why it's inferior, it costs 10 times as much to buy and ten times as much to run. Do you really think businesses are going to keep buying the more expensive product that has no advantages?
@ Deepseek is literally just a chatbot. It's one tiny application of AI. And it still runs on Nvidia hardware. old Nvidia hardware at that.
@@billB101 It isn't just a chatbot, there is R1 and V3. You have somehow formed the view that Deepseek is inferior while having no idea what you are talking about. There seems to be a lot of people with similar views to you posting on the internet in the last few days.
DeepSeek’s new paradigm is sparse-activated neurons, which resemble the human brain by being locally activated. This represents a true evolutionary trend.
But...but...I thought free market capitalism was all about the freedom to compete so as to drive innovation and reduce prices for the consumer 😂😂😂
Haha these hypocritical clowns
Not in the great USA
But is the AI the tech bros want self sustaining and not dependant on the prompt? My own prejudice is to retain the prompt and with it control.
We all thought communism was about the people owning the means of production... Perhaps people everywhere just see and hear what they want to. But, reality goes on regardless.
Well done China! American consumers may be very grateful to you.
correction ... the whole world is grateful to China as this benefit the whole world. Anyone who use AI for their work are grateful.
It’s all very well and good, but governments are still not considering what the societal implications of large language model AI.
What is the function of a government to society at large? Of course, to serve the population to the best of its ability at the cheapest cost i.e. most efficiently. DeepSeek is offering that in direct contrast to current American AI models. Isn't the answer obvious?
That requires hard choices that will upset billionaires - ergo its not a thing that can be done until society has literally collapsed
this will probably save the NHS though
Don't be jealous bro
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... and all the big tech is dependent on China's critical and rare earth minerals on the most fundamental levels; and, a recent S&P report said that it would take 28 years for the US to duplicate China's ecosystem and supply lines in critical and rare earth minerals, and to become self-sufficient. That's almost THREE DECADES. The latest estimates is that it will take China less than five years to catch up with the US in semiconductor, and about 5-10 years to catch up with ASML in lithography, and another 4 years to completely surpass ASML. So, guess which country is gonna win the economic war?
Propaganda
@@BlyatimirPootindispute the post instead of labeling it. It’s just be as rude as me labeling you a troll…..am just using “troll” as an example 😂.
China are nowhere near ASML in litho tech. Not even close.
@@billinsf88 I did dispute the post. I called it propaganda, which it is.
@@billB101 An assertion is worth what without reasoning?
Excellent analysis this is a missile aimed at the heart of the US oligarchy, making tariffs useless.
No; he might even double down on the tariffs, because this is a bloody nose, but the opponent is not down and out.
Is this good news for the UK? The UK is certainly innovative but tends to sell out on the cheap to US private equity. At present there has been a US stranglehold of most things tech related on the UK and the US seems to have a monopoly on many areas within the UK. Worse still, the government has recently sacked the head of the Monopolies Commission. Are we really that much under the thumb of the US?
I believe we are. Some guy posted that he wished we had invented this rather than the Chinese. I didnt reply, but I was thinking, if we did, it would have been squashed before even making it out of the gate then brought up and absorbed by a larger company.
It is the often discussed "special relationship" between the US and the UK. It is very one-sided.
@@Quagma-b2i special relationship my ass. UK need to utilise relationships with other countries closer to home
Even ChatGPT4 acknowledges that, but it should be noted that actual or potential superpowers tend to throw their actual or implied weight around. So, the UK needs to start thinking for itself again, (i.e. Bulk up) because if the Trumpettes have their way, it will be all stick and no carrot. Indeed, an examination of the post-WWII debate between British and American economists on the future of the global economy was the last time Britain had a chance to shape things on a global scale, and the Americans gave them the bird. J. Maynard Keynes wanted an international currency union, with an international credit the Bancor, being used for international transactions. The Americans would have none of that. The wanted everyone to be dependent upon USD, and that's what happened. Looking from that perspective to now, the present rumblings in the global financial system are unsurprising. 'With great power comes great responsibility.' But people get bored too easily.
I never liked the way the Big Tech bought out emerging innovative companies. Once they are bought the innovation dries up. The need to satisfy shareholders limits expenditure on R&D.
A company can only be bought out when the owners sell it.
@@ThomasVWormAnd going public works both ways. Shares unless structured, will dilute ownership.
The last I heard was that Deep Seek have adopted a form of Open Source licence that not only makes it free to use but more importantly free to include in software for commercial purposes.
Not only will they not charge for commercial use but Big Tech can't either! There goes their business model aand planned revenue streams.
Money is power, so in a real democracy the money would be in the pockets of the people.
*THIS IS ONLY ONE OF MANY* tech developments China has announced in the last week - about every 4 hours they are dropping another development, most are being overshadowed by this
In 2015 China announced the *MADE IN CHINA 2025* project QUOTE ""Made in China 2025" is China's strategic plan to become a global leader in high-tech industries and advanced manufacturing by 2025 through innovation, self-reliance, and industrial upgrading." This year will be astonishing
...or just a poor copy, they're good at that.
@@johnwilliams9914"Made in Germany", when introduced, was a warning label the Germans had to attach to their products, to warn the consumers against cheap and low quality copies of English products.
In order to catch up, the clever people copy and learn.
China is likely to become the new Germany. They show an astonishing speed with catching up and are already overtaking.
@@johnwilliams9914
AH!
The usual combination of Hubris and Naivety.... When will *you* learn?
@ feel free to research it properly
Richard, this is your usual interesting analysis. Others have observed in comments that many of these tech companies have grown their monopoly status by acquiring competitors and synergistic technologies to broaden their offering. As they mature, these companies tend to use cash to buy their own shares as a risk-free alternative to investing in innovation.
Breaking News: World leaders are congratulating CHINA , DEEPSEEK for helping the world for FREE! ❤ ❤❤
The world is grateful for options available, not monopolistic control by a single entity, either country or company.
Very interesting thoughts! Thank you!
What a wonderful present from the Chinese ❤
Samuel Johnson said in the 18th Century, "Patriotism is the last refuge of the scoundrel."
And one might add as of now, "National security is the last resort of the rogue regime."
The billionaires will be soiling themselves in public over this!
like that Thompson dude
Deep Seek and ye shall find:) Love it!
Thank you Richard.
I despise the Chinese govt - but this is simply priceless. Bringing down the arrogant man-babies known as the great invincible all-powerful "Tech Bros" this way.
The tech bros didn’t see DeepSeek coming! 😄
Nancy Pelosi saw it coming aparently🤫
Salute for speaking truth!
What truth is he speaking, this is just his _opinion_ on US tech markets.
I must offer my respect and thanks to the altruistic Chinese for their contributions to improving the quality of life of all mankind. They are a contrast to the greedy and evil Wall Street capitalists
First lost EV
Then lost AI
-----
The Conquistadors don't have a good run recently. After exploiting the planet for 500 years....
Love it! Thank you.
I have read many papers but to sum up R1 has five main advantages *1) it give you the reasoning behind its thoughts 2) it is much more Deployable it's like when they first personal computer appeared you don't have to use a huge Data center or large amount of a GPU to run it, you can't even run it on your phone without internet 3) it is cheaper and faster of course 4) most of all it is free 5) open source so you can open you can edit it update it any way you like*
Any of the reasons above should be a game changer by itself but combination of five you got a stock crash like yesterday
Downing by 17% is hardly any crash. The real crash as Boeing 737 has repeatedly demonstrated in the past couple years indicates clearly that the genuine crash should be the object being pulverized either by the impacting force or by explosion and fire, or both, till 100% of the original value's gone to oblivion. Now that's the genuine crash.
There hasn't been a stock crash.
After the DeepSeek bombshell, there's only one thing to collectively tell American Big Techs: Surrender, Dorothy!
Karen: We are the beacon of the free and the champion of human right. We are the sole genuine democracy ... that money can buy. Hell to the open source AI!
I use to think highly of the USA, but not anymore. Yet I'm a hard core democrat.
Linux is also an open source computer system yet very few use it in comparison to microsoft etc.
Oh yes you do... just not on your desktop, but it powers the server farms that power the iternet, it's in a lot of internet hardware, routers etc and it's cousin Android is in millions of devices..
I do have it on emulator, I think I'll start learning to use it.
but thanks to linus. Microsoft OS and MS Office getiing cheaper. i cang get official windows 10 and Microsfot Office for 10 usd in my countyry (indonesia) those day i use pirate software it cost me 1000 usd or more just to use their software. open source will create those AI service going down. and many AI startup will rise with better / cheap service.
What server OS do you think is running right now on the website that you're viewing? It's the foundation of the web.
@@guerillagardener2237
Mint for 10 years.
NEVER had a "Crash"
EASY to install/ Upgrade.
very true. explained very well 🎉
Two things. I downloaded DeepSeek to my computer. It works great as a standalone software. For free. That means anyone can have their own AI. You don’t even need the Internet to use it. You can customize it. Incredible. Two: I concur. Distributed open source system in AI, social media and the block chain threaten the Oligrachic US model of Capitalism which concentrates wealth. Good.
Dear Richard Murphy. TH-camrs like you are the reason I've stopped watching mainstream media like the BBC and its Danish equivalent. I am MUCH more enlightened by hearing an insightful expert like you pour out your thorough analyses. Kind Regards from Preben M, Denmark
"The Supreme Art of War is to subdue the enemy without fighting" Sun Tzu: The Art of War
The patents on James Watt's steam engine were used to stifle competition, and it set back steam engine development for a long time. History repeats itself.
It feels good to let off some steam :-)
The patents worked as intended. Once they expired the innovation proceeded.
@@stephenhookings1985bravo
God Bless DeepSeek. 🤣
Open source upends every sector and gives it to the people. Win!
Well done China!
the market disruptors got disrupted?
It's under attack already. Funny how that works...mess with them dollars, expect to be attacked.
Shameful
After being stingy with their chips, and getting fat, deep seek brings an a.i. diet plan. "doing more with less"--Bucky Fuller.
@flyagaric23
Great example
Its called "Work". Where work is not "meetings, commitees, charts, sales pitches, marketing, legal team", but a hard skill without levels of indirection and bureaucracy.
Deepseek R1 is teaching the rest of the world what is the definition of efficiency.
Fascinating stuff!
❤🎉 DeepSeek is democratising access to knowledge and technology, fostering a global exchange that benefits all of humanity. By freely sharing resources, DeepSeek is breaking down barriers and empowering individuals worldwide to contribute to human development and well-being. This inclusive approach transcends the limitations of traditional capitalist models, promoting collaboration and shared progress towards a more equitable and prosperous future for everyone. ❤❤❤❤🎉
I read a blog post from a Google engineer years ago. They explained that they'd worked there for years without a single line of their code ever going live. They said that various Product Owners (PMs) in the company would build their own kingdoms of developers for projects that never saw the light of day. The Product Owners would move on and the project would just disappear. This is probably similar to why Elon Musk was able to reduce the head count at Twitter so much.
Nice review Richard 😂 well done! Happy Chinese New Year to the world🎉
A great lesson taught .
OpenAI should simply make their model open source.
Wonder what effect deepseek will have on the UK's government push for AI, will it considerably lower the governments AI cost as they will not need to pay an ongoing fortune to America tech.
The UK's government may follow the advice of the United States, ban deepseek
UK's government as a puppet of the United States.
No chance.
Sam will prohibit the uk from tapping into deepseek as they did huawei
Be wary of politicians using GDPR to ruin its potential applications.
Not a "tiny" amount of money, a fraction of the cost...only an economist would call 6 million a tiny amount of money.
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No wonder chinese f35 only cost 1/5
After hearing about the rationale one can also see how TikTok was also challenging the US Tech Bros by 'copying' the interactive-user model (and it's idea that if you aren't paying you are the 'product' to be advertised to).
The US emphasis on personal security could be seen as a type false flag level of misdirection for the suppression of TikTok, but the open source DeepSeek AI flips that narrative!
Absolutely ! Excellently presented 👍
Us tech companies spend zero effort on making llm cheaper and more affordable to the public. Because they simply don't care how many people are using their service,their minds are completely concerned with stock prices.
This indicates that us capitalism has developed to a bad phase, in which you don't need to make successful world changing products like what Henry Ford did 100 years ago and you can simply make a hell of money by playing digital games on financial market.
This challenges the basic assumption of free market capitalism that it will reward those who push the world forward.
This doesn't do much to disrupt free market capitalism. It is likely that Deepseek was trained using Nvidia chips which were smuggled into China. The true cost of the project is unknown. It's not a good development for OpenAI and Anthropic, but I think that Nvidia will rebound soon.
Free market capitalism makes no such claim. All it claims it that the winners win,whether the world benefits from that or not. In that framework, the market can then reject any product by simply not buying it. Of course, free market capitalism is unrealistic, because it disregards human nature, which is a fundamental flaw when people make up markets. Capitalism ultimately harnesses greed and fear - two emotions that helped us to survive, but are problematic in civilisation. Ignoring that fact, has led us to this messy time of ideological cul de sacs created for the benefit of the asset wealthy to excuse their failings, and prevent having to pay for the consequences. Of course, they want to persuade us that this is ok, whilst we get poorer and our children and grand children get even poorer.
Mr. Murphy, you have earned yourself another subscription. It is rare that someone so plainly lays out what many in the U.S., including myself, have said for a long time: there is no real "fair" competition in the United States. Consumers are regularly grifted by their lack of ability to influence the market, and the massive advantageous large businesses are gifted under federal law. The free market was also championed as efficient, or largely efficient, which you pointed out it isn't. The oligarchs want to abuse us here, and I'm sure in U.K. as well. Best of luck to you: stay intelligent, stay concise and clear, stay safe. You are an important voice in the near future because of your aforementioned talent.
Time will tell as always...
USA'S AI sputnik moment has a lot of experts bamboozled. Endless popcorn 🍿 moments..nice channel BTW 👍
Thankyou for explaining the economics of this so clearly.
"They literally have money coming out of their ear holes". I liked that bit.