Tuesday, 28 January 2025

Nividia suffers biggest market cap loss in history as Trump warns US companies the era of crony capitalism is over as Chinese AI is 40 to 50X more efficient than OpenAI

Trump has told US companies the revalation of just how  disastrous OpenAI ChatGPT product by a Chinese competitor, found to be 40 to 50 times more efficient, must be a wake up call. Crony networks, crony capitalism, a rigged media which allows bluff and incompetence to be sold as innovaton can no longer hide fundamentally flawed products and companies can no longer afford the waste of 100s of billions of dollars.

The realisation that China s AI is far better and far cheaper than Open AI has also resulted in the biggest market cap loss in history as Nividia shares lost nearly 600 billion almost overnight.

Nividia s chips may be advanced but they seem to be massively overpriced and or stunningly inefficently used as shown by the way China s DeepSeek can produce a far better AI product at a far lower cost.

Goldman's Rich Privorotsky told clients Monday that DeepSeek is allegedly "40-50x more efficient than other large language models." 

https://www.zerohedge.com/technology/nvidia-openais-sam-altman-respond-deepseek-developments

Production costs matter.

https://www.forbes.com/sites/dereksaul/2025/01/27/biggest-market-loss-in-history-nvidia-stock-sheds-nearly-600-billion-as-deepseek-shakes-ai-darling/

The strength of the USA has traditionally been a free media and a free market place of ideas.

The quality of its businesses and products is in direct proportion to the rise in  censorship by the Gates, Altman, Buffett and Soros cartel.

No comments:

Post a Comment