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2 Trillion dollars in U.S. Stock market cap erased in a day by DeepSeek, which was released only a day after the US announced a 500 billion dollar investment in AI.
DeepSeek only invested 5.6 million dollars in computing power.
this post was submitted on 27 Jan 2025
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chapotraphouse
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Has anyone tried to save the stock market by calling DeepSeek woke yet
Reddit is wall to wall tinyman square xinnie the pooh deepseek memes right now so we'll see if that pans out for them
So much cope in the comments "Chyna is 40 years behind us!" and "It's easy to do when you steal!" I'm like brother look at Shenzhen and compare it to ANY US city.
“Easy to do when you steal”, is pretty fucking rich coming from someone defending US tech companies.
Also reveals that le epic science redditors don't actually care about science and human advancement. Everything is "stolen" in science, in that it builds on something someone else developed before you. Technological advancements have been getting "stolen" (sometimes more literally, other times more "ethically" or legitimately) since we were knapping rocks.
Newton's original physics and calculus methods SUCK compared to modern physics (specifically "classical") and calculus methods, because we've had like 300 years to improve it. But you know redditors/westerners would be first to say Einstein stole from Westerners if he were East Asian.
Also goes to show that the whole modern techbro "open source" knowledge thing isn't out of principle. Its to outsource labor whenever the labor doesn't produce an immediate value. Techbros should be happy the Chinese devs made it open source, because THEY CAN USE IT TOO. But nope, because they can't solely profit off it, they're mad.
They really do apply different rules to AES. China is expected to reinvent mathematics to prove 1 + 1 = 2 or else it is stealing Western research
Even during my short-lived time as a cs student there was a saying:
“Good programmers write good code. Great programmers steal great code!” Capitalism’s logic is incompatible with the nature of knowledge itself. There’s so much inefficiency because people want to sit on and do nothing with their IPs or knowledge.
Imagine if even your local community college could have the information to teach Harvard level classes at a fraction of the price?
"If I have seen further, it is by stealing from the shoulders of giants"
-Isaac Newton or something
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“Easy to do when you steal” Nvidia pretty much announced today that what DeepSeek did they are incapable of at the present time
TIL “stealing” is when you freely share knowledge and opportunities instead of hoard it or put it behind a paywall so only the rich can participate in society.
Lmao meanwhile US AI companies be like "yes we scrape your data to train our AI. No we won't pay you for it or ask permission."
Which is so funny in this situation because DeepSeek can be run without the internet and is completely open source so you can go in and remove any censors and use it offline to talk about the tiny man and see see pee all you want
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Earlier today it was facing a cyberattack lmao so they tried it
The great firewall paying off 
Is that why it was down?
Yes. Nvidia alone is down 17% and has lost $560 billion in market value
Oh wait I thought you were responding to the post in general asking about Nvidia. Yes, for some people that is why DeepSeek was down! my bad
They have tried throwing "tinyman massacre" at it with varying results but it hasn't helped in alleviating the panic.
Hahaha the US ruling class was really stupid enough to put all of its economy eggs in the AI basket lmao.
Too fucking stupid to live.
Hey egg baskets are also becoming quite valuable right now as bird flu runs rampant through US livestock so they might be onto something
The free market has graciously decided that your eggs are now worth more than Open AI.
The basket has contracted bird flu.
I’ll just invest in oil instead! Foolproof
My favorite so far is:
I liked
Lmao
I remember reading about how the US was funding a ton of solar panel manufacturing, then when China made them cheaper than the US could, dragged the world back to oil. I wonder if the US will try the same trick here.
Fun fact, the US solar panel output is much lower than its on-paper capacity because all that investment went into the end of the pipeline and very little into the beginning, so things like polysilicon availability are causing supply chain bottlenecks. 
They will ban Deepseek for “national security” reasons that are never detailed or elaborated on. Like TikTok.
They’ll never be able to. It’s open source software
I wish I could believe that would stop them from trying.
You mean drag back translators, artists, writers... from unemployment, to give them the work that was stolen by "AI"?
Sounds like a win to me 👍
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you popped our weather balloon with a missile, now we pop your AI balloon with open source innovation
I have a pretty dull day at work today but every half an hour i google "nvidia stock" and it keeps me going
Them right now
libcons and overton windowmaxxers for nearly 30 years: (vaguely) China is doing a trade war on us!
china today: moo hoo ha ha
Skill issue 
(wall street)
And the bubble is popping
And where did that bring you? 
-$$% 
Slop flop 
For they have sown the wind, and they shall reap the whirlwind
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