this post was submitted on 29 Jan 2025
909 points (98.4% liked)
Technology
61346 readers
3929 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It is effing hilarious. First, OpenAI & friends steal creative works to “train” their LLMs. Then they are insanely hyped for what amounts to glorified statistics, get “valued” at insane amounts while burning money faster than a Californian forest fire. Then, a competitor appears that has the same evil energy but slightly better statistics.. bam. A trillion of “value” just evaporates as if it never existed.
And then suddenly people are complaining that DeepSuck is “not privacy friendly” and stealing from OpenAI. Hahaha. Fuck this timeline.
It never did exist. This is the problem with the stock market.
That's why "value" is in quotes. It's not that it didn't exist, is just that it's purely speculative.
Hell Nvidia's stock plummeted as well, which makes no sense at all, considering Deepseek needs the same hardware as ChatGPT.
Stock investing is just gambling on whatever is public opinion, which is notoriously difficult because people are largely dumb and irrational.
"valuation" I suppose. The "value" that we project onto something whether that something has truly earned it.