Here's the reality we need more registered nurses and Physicians assistants. We don't need more MBA students. Also local government is hiring in many areas in the country municipalities, County and State level. Maybe your MBA can be used in place of a MPA. I hate to say it but people need to Pivot in the job market. We need more people in healthcare. It is the fastest growing field, and will continue to be the fastest growing field as the population ages. Many registered nurses can make what Engineers do. Normal Engineers not the California software engineers.
Regarding the job market, this is the toughest market I've seen since graduating college in 2023. I've been out of work for 4 months now, having previously worked in wealth management/financial advising. There are minimal, almost non-existent entry-level white collar jobs in finance. Myself, peers, friends, and colleagues can't even land an interview let alone get a job. I've been turned down from minimum wage jobs from Lowe's, Home Depot, Walmart, McDonald's, Target, restaurants/service industry, etc., as well. The market is brutal right now unless you're working in the trades/blue collar. The contrast from 2023 is stark when I was initially seeking jobs post-grad.
It’s not even as bad as it could be, either. May worsen. My peers graduated in 2011, 2012. Dead in the water lol as bad as it feels, it could be worse!
This is your best episode this year. Great insight & commentary, the guest was great as well. I really enjoyed listening; more of this please! Also bring Claire on the pod more often, she brings good energy.
I feel a deflationary song coming on........."Anything you can buy, I can buy cheaper. I can buy anything cheaper than you! Fifty cents?, Forty cents!, Thirty cents?, Twenty cents! No, you can't!, Yes, I can, Yes!, I can...............
Deepseek's impact on the markets is driven by its efficiency claims, both in cost and compute. Neither claim is backed by evidence, and they will not provide it. The real story is this - China learned that it can strongly impact the US market with nothing more than a press release. Imagine XYZ company starts selling a Tesla EV equivalent and announces they can produce them for $1,000 and ship them worldwide for $50. The car is real, and nothing special, but would the US market react in the same way? Would no one even ASK for proof? Furthermore, if the claims turn out to be true (unlikely), that means that it's possible to do even MORE with compute, for less cost. That is good for US companies, not bad. Almost all the reporting on this topic is embarrassing and disappointing due to missing these two key points.
In his magnum opus The Best and the Brightest David Halberstam included a gloriously funny passage about the British aristocracy and their interaction with the Chinese when they began trading in the mid 1800's. Ed would do well to fire up his chatgpt and find it. Key words include gunpowder, monocles and arrogance.
Get a talk scheduled with Peter Zeihan. He has made some very accurate predictions with insight into global economics, politics, history, geography and especially demographics. This insight would give more answers, and questions, about what is currently happening in the world. You might not agree with what he has to say but it'll definitely be interesting. I have listened to all of your videos, and his for 2 years now, along with several other politically moderate speakers, and it's always awesome to see conversations between them. Again, get Peter Zeihan on and you won't regret it
Hi Ed, Deepseek disclosed that they trained Deepseek - V3 model (which is the smaller version model released in Dec 2024) about 6 million dollar. But they did not disclose how much money they spend to train the R1 model (which is the current model with COT and comparable to OpenAI-01). Just to add that note. I think it can be easily verified on their website. They did not lie on this point. I think the company is decent to share all the secret technique in Open Source. FYI
Scott hit on a great point regarding Deepseek. If people want (and can leverage) the Temu of LLMs, then Deepseek is their baby. If not, they are likely going to look to the 'bespoke' AI tools that cost more to develop.
32:22 About ORCL shares dropped on Deepseek news, because its share went up quite a bit upon Project Stargate Announcement. It went up from $172 (2025-01-20) to $186 (2025-01-22). Upon the news of Deepseek, it dropped to $158 (2025-01-26). It was an oversold. Now, it bounced back to $170 today (2025-01--30), i.e.the Pre-Stargate Announcement level.
The DeepSeek market correction was an overreaction. This LLM, being a distillation of open source LLMs, does not invalidate the AI scaling laws previously propelling the market. Compute capacity still rules in AI, although now we now find that we can get even more out of it. Reduced cost will drive further AI growth and consequently increased demand for chips, servers and energy.
When someone says "several orders of magnitude" and the metric is most certainly NOT several orders of magnitude different (the training costs were not claimed to be 'several orders of magnitude' lower), then I tend to stop listening to anything that person says. Why? Because he probably doesn't even know that he doesn't understand what he's talking about. He's already made several other either slightly or totally wrong statements / claims. He clearly doesn't really know much about either AI or the technology. Bzzzt. Next.
@@tonyjones3514 It makes the videos unshareable. There is a lot of good content in his podcasts that people would like to share, and they can't reasonably say ignore the first 30 seconds of dirty jokes while you are at the office.
As someone who lives in Sweden I have as of today only two Swedish companies in my portfolio, which is up almost 200% since 2023. All the rest is US stocks. I sold out LVMH earlier today to buy more Meta - that was my only other European stock. I believe it's going to be dead money for a while and I don't see anything in Europe even remotely indicating that we have a slightest chance toof outperforming either China or the US in terms of innovation. I get the feeling like Scott is being blindsided by Trump winning the election and is now ready to throw out the baby with the bathwater
Argonne built a supercomputer using raspberry pi chips10 years ago, and the mars rover uses Qualcomm Snapdragon 6 series chips. If you could not see the scam, you are the mark.
Aren’t those numbers all very inflated and is there some gouging going along if China did it for the right price? What does it say about our economic way of making money or the greed that the consumer is victim of?
DeepSeek is a very good model. It is pretty obvious for anyone who works in AI that $5 mil is not the total cost of this model development. If we assume that this is the cost of the final training run it is still very impressive. They did some very interesting things to make every run very efficient yet one still needs multiple runs to train smth like this. Moreover, they were poblisihng papers that this model is based on for ~1.5-2 years. This is not like this team just magically appeared from nowhere couple of months ago. I would guess they have +100 Math PhDs working on it for at least 2 years. So, do the math... Still a great achievement and a lot of innovation. Fun fact: Based on what they claim in terms of their compute, this is how much compute a US based PhD student has access to...
How did Microsoft destroy Netscape? By releasing their browser Explorer for free. They don’t like it when they have to taste their own medicine do they?
"Should interest rates come down." > This is like a person walking into a bank and saying "I want to borrow money...and i want to set the interest rate i borrow at." Its a ridiculous notion. The US Govt is the largest borrower of US Dollars in the world. Of course the leader of that government wants lower interest rates. All borrowers do. But lenders have the power, and until Trump is the one lending money, he has no say in the matter.
Whoever edits these episodes...needs to show us the faces of the people after Scott finishes his corny jokes😂 The intro ruins the fun especially since we get a preloaded ad🤦.
I suppose it’s nit picking but I’m surprised someone who is supposed to be so knowledgeable said, “Physical” instead of, “fiscal” policy. I don’t think I’ve ever heard a financial person make that mistake. And one other thing. Since when is starting an airline considered to have “low barriers to entry?” An airline? Low barriers to entry? That’s ridiculous.
Supposedly lower cost, lower cost GPU's, lower number of GPU's. Supposedly. From the functional point of view I think Deepseek as an Opensource product can be downloaded and run off line or online. Thats dramatic. The process it uses to create results is far better than the others.
It doesnt matter how much it cost China to train DeepSeek. Its an open source application. The money was spent, and its gone, and now what remains is a product anyone can use. And people have used it. Have ran these models on mac minis instead of supercomputers. That value is immediate and none of us paid a dime for it to exist, and dont need to pay a dime for it going forward--regardless of how much money it took to train.
Not sure there is anything extraordinary about 50K H100s in Singapore, it has over 70 data centers itself of 1.4GW. China has their own chips for inference, and everything is cheaper in China, including their energy and 110GW of Solar + Battery.
The international trade theory is going to burn you. 12 years ago, when there were fewer conflicts and Europe hadn't start pulling the plug on its own energy sources, there was an argument to be made that there was a lot of potential growth outside of the U.S. If you invested in VXUS since then, you are not a happy camper. And things are not going to suddenly turn around internationally. Good luck, Scott, with making that trade work. It will have the same outcome as betting against the Yen.
I would say more emphasis should be placed on day trading as it is less sensitive to the unpredictability of the market. I made over 6.7 BTC from day trading and started with only 0.9 BTC. n six weeks with Donald Cutler insights and signals. It was one step ahead of other analyses. It has evolved over the years to be the best.🚀🚀🚀
The thing is as people, we are usually skeptical about things we haven't yet tried, the truth is that you'll never know if it's profitable or not unless you decide to take the risk and give it a try, most successful people of this age are successful because they took the risk, "investing" and things has changed for the better ever since I realized it....
Except there is no "work around". They smuggled the advanced chips with the help of Nvidia and just literally copied chatgpt. Deepseek literally thinks and says it is chatgpt, because either is chatgpt.
American economy : running strong (though Stanford graduates can’t find jobs) - Chinese economy : crashing because their youth can’t find jobs. I think they both lie on some degrees and calling each other lairs. What’s more important is their own people believe their own government and calling the other lairs…
How much of the hype around DeepSeek is just a result of the novelty phase of the product? Additionally, since the explosion of users will increase the cost/demand for more advanced chips, do you think the conversation around how cheap it was to make the model is misplaced?
You can always do inference on lower-end hardware-just adjust the quantization. Deepseek must use low end hardware because they don't have the ability to leverage high end Nvidia hardware -- after all, openly admitting they used high-end hardware would also mean admitting they got their hands on restricted Nvidia tech. This entire deepseek story is quite suspect and the markets reaction laughable.
Well nobody denies the model that DeepSeek built. However I and bunch of others are suspicious about how they built it. After all Chinese scientist keep discovering room temperature super conductivity every 2 years. I don't think it would be that cheap to build the models and this technique is not dawned on any of the US developers and scientists who are at it like its nobody's business for the last 2-3 years. After all this hedge fund may have shorted the AI stocks before making these models available. Whenever an authoritarian country is involved, I'm immediately suspicious about whether they're completely honest or not. After all China tried to cover up the virus for the longest time. I have 0 trust in what they say and everybody should approach with grain of salt to the claims coming out of authoritarian regimes, such as Russia, Iran, N. Korea and China. They've misled everybody countless times.
The comment “maybe a play to buy the dip” seems likely to me. But, so does “maybe the Chinese were not exactly forthcoming about cost and issues for DEEP SEEK. How about this… “Savvy marketeers saw the opportunity, took advantage, and sold, triggered selling, and will buy the dip”. Maybe AI is making the calls for such.?
I don't think Steve Jobs would have set on the sidelines while AI was exploding. He would have productized it into something amazing. This is what happens every time with Apple. Jobs creates something Amazing (Macintosh, iPhone) and then the CEO milks it as long as possible without innovating.
Haha you mean DeepLeak? I realized I have the heart of a long term investor. People tanked the stock for nothing. 😂 but hey, live and learn. Happy Chinese new year 🎉 Got BABA?
Quite frankly, the majority of Americans care about AI as much as they care about bitcoin. Less than nothing. In fact they dread its potential to make their lives even more complicated & dystopian for zero reason at all. The idea of tax dollars pouring into it while they can’t afford healthcare & higher education is enraging. Seeing China knock the legs out from under the industry is actually gratifying. It’s as if there’s an obscene profit margin built in to the American effort. You think?
Yeah, so here's the thing Scott, I will say this.... the one comment about "These grads can get a job just not the one they want" is false. I can't even land a "bs" job working at some dead end fast food place or retail store with over 7 years of work experience and a college degree in a good field. Unsure what you're seeing with your students at NYU, but the economy is not doing well for middle class Americans and no one is talking about it.
Not even close because I remember what that was like. Many local and state governments are desperate for people in all different types of occupations. I know because I work for one we have many open positions. If you can't even get a job at a fast food place my recommendation is take that college degree off your job application. Also dumb down your job experience. They don't want to hire you because you don't seem relatable. They'd rather hire someone who has worked in that environment, and that's what they are used to. Not that you would want to do it because most people don't, but anybody can get a job as a CNA.
I realized that the secret to making a million is saving for a better investment. I invested 30k in crypto and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.
Word of advice To Ed: stick with facts and not opinions. I’m a Chinese American and confident to say that I’ve read and learned about china its history and culture more than the most. I also live in china, so before you draw your conclusions about DeepSeek and china you should first ask yourself these questions: Have you ever been to china? If so when? If not, why not? And if not, what do you really know about this country? And where are your opinions coming from? Based on what? Remember, facts not opinions. Someone with knowledge doesn’t give a flying F about your ignorant and biased opinions when they aren’t remotely close to facts. You need to go on substack and read more about DeepSeek and AI before you draw your conclusions And to the guest: I’ve been betting on Chinese companies since the drop and I’ll bet on china all day before I touch Europe or UK. What you said about china being uninvestable: thank you for your ignorance to gimme the opportunity to buy them cheap
When stocks don't go up the biggest winners are the American consumers. The stock market is a barometer of how well monopiles extort the working class.
You forgot to apply your "archaic supply and demand theory" to housing. If America were to lose half of the illegals living here, housing would become more affordable for renters. Given that housing is the largest expense for the middle class lower rent would be a societal positive.
The systems around hiring is broken. The good jobs available are limited, and not online. Ghost jobs online are out of control and unregulated. The numbers around unemployment are significantly under-reported. A.I. will not offer more job opportunities. It will increase efficiencies, thus reducing labor. Emperor of narcissism and chaos back in office. Good times ahead. Wish I could go to St. Barts. Water is a nice color.
The trade is Culebra Partners. The trade is PaaS not SaaS systems. The trade is private in my little company that gets very little attention because of all the scammers online have clouded my ability to market. That’s the goddamn trade and I am getting contracts left and right with almost zero marketing.
Yes. Application building. That’s what my damn company does!!! Culebra Partners 4 ever mofos. PaaS not SaaS. Building custom for companies for under 10K.
Great guest, Robert Armstrong. Ian Bremmer is another great guest.
Feels like Ed went big on Nvida
Hahah I caught the same vibe
Two minutes of banter (no matter how mundane) between Scott and Ed is like drinking freshly squeezed orange juice.
I like that you put links to the headlines articles in the description :)
I haven’t noticed them before and wanted to say thank you 😊
Here's the reality we need more registered nurses and Physicians assistants. We don't need more MBA students. Also local government is hiring in many areas in the country municipalities, County and State level. Maybe your MBA can be used in place of a MPA. I hate to say it but people need to Pivot in the job market. We need more people in healthcare. It is the fastest growing field, and will continue to be the fastest growing field as the population ages. Many registered nurses can make what Engineers do. Normal Engineers not the California software engineers.
Regarding the job market, this is the toughest market I've seen since graduating college in 2023. I've been out of work for 4 months now, having previously worked in wealth management/financial advising. There are minimal, almost non-existent entry-level white collar jobs in finance. Myself, peers, friends, and colleagues can't even land an interview let alone get a job. I've been turned down from minimum wage jobs from Lowe's, Home Depot, Walmart, McDonald's, Target, restaurants/service industry, etc., as well. The market is brutal right now unless you're working in the trades/blue collar. The contrast from 2023 is stark when I was initially seeking jobs post-grad.
It’s not even as bad as it could be, either. May worsen. My peers graduated in 2011, 2012. Dead in the water lol as bad as it feels, it could be worse!
Great guest! Really brought insight and humor
I laughed at the blind climber/dog joke 😅
Robert Armstrong is Awesome. Please bring him in more often.
This sounds like Seth Rogan if he didn't smoke weed hahaha
This is your best episode this year. Great insight & commentary, the guest was great as well. I really enjoyed listening; more of this please! Also bring Claire on the pod more often, she brings good energy.
I feel a deflationary song coming on........."Anything you can buy, I can buy cheaper. I can buy anything cheaper than you! Fifty cents?, Forty cents!, Thirty cents?, Twenty cents! No, you can't!, Yes, I can, Yes!, I can...............
hey harvard grads... the good news is that harvad school still has billions in the bank to spend on themselves while you got squat
Do these hosts disclose their portfolios?
Scott generally does. He seems quite transparent
My favorite workout podcast, thanks for existing!
Deepseek's impact on the markets is driven by its efficiency claims, both in cost and compute. Neither claim is backed by evidence, and they will not provide it. The real story is this - China learned that it can strongly impact the US market with nothing more than a press release. Imagine XYZ company starts selling a Tesla EV equivalent and announces they can produce them for $1,000 and ship them worldwide for $50. The car is real, and nothing special, but would the US market react in the same way? Would no one even ASK for proof?
Furthermore, if the claims turn out to be true (unlikely), that means that it's possible to do even MORE with compute, for less cost. That is good for US companies, not bad.
Almost all the reporting on this topic is embarrassing and disappointing due to missing these two key points.
In his magnum opus The Best and the Brightest David Halberstam included a gloriously funny passage about the British aristocracy and their interaction with the Chinese when they began trading in the mid 1800's. Ed would do well to fire up his chatgpt and find it. Key words include gunpowder, monocles and arrogance.
They didn't lie because they published a paper, explained it.
I love this podcast so much!!@🎉
There are a number of issues with DeepSeek (e.g., data collection from users; back-end data leakage; model theft?) so be careful in using.
Get a talk scheduled with Peter Zeihan. He has made some very accurate predictions with insight into global economics, politics, history, geography and especially demographics. This insight would give more answers, and questions, about what is currently happening in the world. You might not agree with what he has to say but it'll definitely be interesting. I have listened to all of your videos, and his for 2 years now, along with several other politically moderate speakers, and it's always awesome to see conversations between them. Again, get Peter Zeihan on and you won't regret it
Hi Ed, Deepseek disclosed that they trained Deepseek - V3 model (which is the smaller version model released in Dec 2024) about 6 million dollar. But they did not disclose how much money they spend to train the R1 model (which is the current model with COT and comparable to OpenAI-01). Just to add that note. I think it can be easily verified on their website. They did not lie on this point. I think the company is decent to share all the secret technique in Open Source. FYI
Let Ed tell a joke. DO IT!
Scott hit on a great point regarding Deepseek. If people want (and can leverage) the Temu of LLMs, then Deepseek is their baby. If not, they are likely going to look to the 'bespoke' AI tools that cost more to develop.
take what you want, give what you can
32:22 About ORCL shares dropped on Deepseek news, because its share went up quite a bit upon Project Stargate Announcement. It went up from $172 (2025-01-20) to $186 (2025-01-22). Upon the news of Deepseek, it dropped to $158 (2025-01-26). It was an oversold. Now, it bounced back to $170 today (2025-01--30), i.e.the Pre-Stargate Announcement level.
Paris literally sucks…
The DeepSeek market correction was an overreaction. This LLM, being a distillation of open source LLMs, does not invalidate the AI scaling laws previously propelling the market. Compute capacity still rules in AI, although now we now find that we can get even more out of it. Reduced cost will drive further AI growth and consequently increased demand for chips, servers and energy.
Editors might want to make a cut at 28:30
Tragedy took place between filming and going live
So we're the ai companies here misrepresenting the cost to build to pump up their stock values believing they held all the cards?
Ok Prof G.
Why isn't Claire's photo included in the channel's thumbnail?
Where do the assets that Ed is saying trade at a discount to value trade? I thought he was talking about private investments
When someone says "several orders of magnitude" and the metric is most certainly NOT several orders of magnitude different (the training costs were not claimed to be 'several orders of magnitude' lower), then I tend to stop listening to anything that person says. Why? Because he probably doesn't even know that he doesn't understand what he's talking about. He's already made several other either slightly or totally wrong statements / claims. He clearly doesn't really know much about either AI or the technology. Bzzzt. Next.
Love RA
Thanks for not doing porn jokes
you don't like them?
@@tonyjones3514 It makes the videos unshareable. There is a lot of good content in his podcasts that people would like to share, and they can't reasonably say ignore the first 30 seconds of dirty jokes while you are at the office.
@@donaldjohnson-y6nnot only that, the porn jokes are aweful. They are not thoughtful or funny.
@@alexk729if you didn't know Prof G you'd think "why the hell is my friend or family sending me a video of a dirty old man??"
As someone who lives in Sweden I have as of today only two Swedish companies in my portfolio, which is up almost 200% since 2023. All the rest is US stocks. I sold out LVMH earlier today to buy more Meta - that was my only other European stock. I believe it's going to be dead money for a while and I don't see anything in Europe even remotely indicating that we have a slightest chance toof outperforming either China or the US in terms of innovation. I get the feeling like Scott is being blindsided by Trump winning the election and is now ready to throw out the baby with the bathwater
Argonne built a supercomputer using raspberry pi chips10 years ago, and the mars rover uses Qualcomm Snapdragon 6 series chips. If you could not see the scam, you are the mark.
"OpenAI is shedding value like crazy..." "Invest in the biggest names in AI like OpenAI with Fundrise!"
Aren’t those numbers all very inflated and is there some gouging going along if China did it for the right price? What does it say about our economic way of making money or the greed that the consumer is victim of?
DeepSeek is a very good model. It is pretty obvious for anyone who works in AI that $5 mil is not the total cost of this model development. If we assume that this is the cost of the final training run it is still very impressive. They did some very interesting things to make every run very efficient yet one still needs multiple runs to train smth like this. Moreover, they were poblisihng papers that this model is based on for ~1.5-2 years. This is not like this team just magically appeared from nowhere couple of months ago. I would guess they have +100 Math PhDs working on it for at least 2 years. So, do the math... Still a great achievement and a lot of innovation. Fun fact: Based on what they claim in terms of their compute, this is how much compute a US based PhD student has access to...
How did Microsoft destroy Netscape? By releasing their browser Explorer for free. They don’t like it when they have to taste their own medicine do they?
learn about the passive bid, that's all that matters
China isn't the only place that lies...
OpenAI is an Open, Transparent, Non-Profit, Sam Altman owns none of it and will never profit from it and Sam Altman never lies.
6:47 - these first steps from a 2 year old market release! (decades of research) What’s it looking like in 2035+😮
"Should interest rates come down." > This is like a person walking into a bank and saying "I want to borrow money...and i want to set the interest rate i borrow at." Its a ridiculous notion. The US Govt is the largest borrower of US Dollars in the world. Of course the leader of that government wants lower interest rates. All borrowers do. But lenders have the power, and until Trump is the one lending money, he has no say in the matter.
Whoever edits these episodes...needs to show us the faces of the people after Scott finishes his corny jokes😂
The intro ruins the fun especially since we get a preloaded ad🤦.
install the plugin that skips ads.
I suppose it’s nit picking but I’m surprised someone who is supposed to be so knowledgeable said, “Physical” instead of, “fiscal” policy. I don’t think I’ve ever heard a financial person make that mistake. And one other thing. Since when is starting an airline considered to have “low barriers to entry?” An airline? Low barriers to entry? That’s ridiculous.
Supposedly lower cost, lower cost GPU's, lower number of GPU's. Supposedly.
From the functional point of view I think Deepseek as an Opensource product can be downloaded and run off line or online. Thats dramatic. The process it uses to create results is far better than the others.
It doesnt matter how much it cost China to train DeepSeek. Its an open source application. The money was spent, and its gone, and now what remains is a product anyone can use. And people have used it. Have ran these models on mac minis instead of supercomputers. That value is immediate and none of us paid a dime for it to exist, and dont need to pay a dime for it going forward--regardless of how much money it took to train.
We are in the 14K download speed point in AI development.
Do you guys know about the ICP blockchain - Onicai project currently running Deepseek R1 models on 32-bit canisters on fully on chain.
16:56 struggling to find work? Or too proud to start at the bottom?
China lies alot. Rofl. Well said Ed.
Ed's gurn at 36:00 only proves the meth joke is real.
Not sure there is anything extraordinary about 50K H100s in Singapore, it has over 70 data centers itself of 1.4GW. China has their own chips for inference, and everything is cheaper in China, including their energy and 110GW of Solar + Battery.
The international trade theory is going to burn you. 12 years ago, when there were fewer conflicts and Europe hadn't start pulling the plug on its own energy sources, there was an argument to be made that there was a lot of potential growth outside of the U.S. If you invested in VXUS since then, you are not a happy camper. And things are not going to suddenly turn around internationally. Good luck, Scott, with making that trade work. It will have the same outcome as betting against the Yen.
"China lies a lot", unlike America when they said there were WMD in Iraq :)
11:25 exactly!
It has been confirmed by independent researchers in US.
I would say more emphasis should be placed on day trading as it is less sensitive to the unpredictability of the market. I made over 6.7 BTC from day trading and started with only 0.9 BTC. n six weeks with Donald Cutler insights and signals. It was one step ahead of other analyses. It has evolved over the years to be the best.🚀🚀🚀
He's on Telegram ⬇
@DonaCtrade ⭐⭐⭐
Thanks for sharing this information with us, guys. This is really helpful for my situation......🌹
Thanks for sharing this information with us, guys. This is really helpful for my situation......🌹
The thing is as people, we are usually skeptical about things we haven't yet tried, the truth is that you'll never know if it's profitable or not unless you decide to take the risk and give it a try, most successful people of this age are successful because they took the risk, "investing" and things has changed for the better ever since I realized it....
Except there is no "work around". They smuggled the advanced chips with the help of Nvidia and just literally copied chatgpt. Deepseek literally thinks and says it is chatgpt, because either is chatgpt.
American economy : running strong (though Stanford graduates can’t find jobs) - Chinese economy : crashing because their youth can’t find jobs. I think they both lie on some degrees and calling each other lairs. What’s more important is their own people believe their own government and calling the other lairs…
shrug: nvidia is a meme stock.
How much of the hype around DeepSeek is just a result of the novelty phase of the product? Additionally, since the explosion of users will increase the cost/demand for more advanced chips, do you think the conversation around how cheap it was to make the model is misplaced?
BABA ripping as well today with a new AI model. The AI model race is on.
Imagine the people who baught nvidia stock at its peak
You can always do inference on lower-end hardware-just adjust the quantization. Deepseek must use low end hardware because they don't have the ability to leverage high end Nvidia hardware -- after all, openly admitting they used high-end hardware would also mean admitting they got their hands on restricted Nvidia tech. This entire deepseek story is quite suspect and the markets reaction laughable.
that airline joke by Robert did NOT age well....
Well nobody denies the model that DeepSeek built. However I and bunch of others are suspicious about how they built it. After all Chinese scientist keep discovering room temperature super conductivity every 2 years. I don't think it would be that cheap to build the models and this technique is not dawned on any of the US developers and scientists who are at it like its nobody's business for the last 2-3 years.
After all this hedge fund may have shorted the AI stocks before making these models available. Whenever an authoritarian country is involved, I'm immediately suspicious about whether they're completely honest or not.
After all China tried to cover up the virus for the longest time. I have 0 trust in what they say and everybody should approach with grain of salt to the claims coming out of authoritarian regimes, such as Russia, Iran, N. Korea and China. They've misled everybody countless times.
Imagine the democrats saying someone is giving the president elect ideas and telling him what to do. You really can't make this stuff up.
The comment “maybe a play to buy the dip” seems likely to me.
But, so does “maybe the Chinese were not exactly forthcoming about cost and issues for DEEP SEEK.
How about this… “Savvy marketeers saw the opportunity, took advantage, and sold, triggered selling, and will buy the dip”. Maybe AI is making the calls for such.?
I don't think Steve Jobs would have set on the sidelines while AI was exploding. He would have productized it into something amazing. This is what happens every time with Apple. Jobs creates something Amazing (Macintosh, iPhone) and then the CEO milks it as long as possible without innovating.
Haha you mean DeepLeak? I realized I have the heart of a long term investor. People tanked the stock for nothing. 😂 but hey, live and learn. Happy Chinese new year 🎉 Got BABA?
Listen to the Man. Educatin is ccheaper than buying the piece of paper. Second, go start a fucking business or an offshoot.
Quite frankly, the majority of Americans care about AI as much as they care about bitcoin. Less than nothing. In fact they dread its potential to make their lives even more complicated & dystopian for zero reason at all. The idea of tax dollars pouring into it while they can’t afford healthcare & higher education is enraging. Seeing China knock the legs out from under the industry is actually gratifying. It’s as if there’s an obscene profit margin built in to the American effort. You think?
Yeah, so here's the thing Scott, I will say this.... the one comment about "These grads can get a job just not the one they want" is false. I can't even land a "bs" job working at some dead end fast food place or retail store with over 7 years of work experience and a college degree in a good field. Unsure what you're seeing with your students at NYU, but the economy is not doing well for middle class Americans and no one is talking about it.
Not even close because I remember what that was like. Many local and state governments are desperate for people in all different types of occupations. I know because I work for one we have many open positions. If you can't even get a job at a fast food place my recommendation is take that college degree off your job application. Also dumb down your job experience. They don't want to hire you because you don't seem relatable. They'd rather hire someone who has worked in that environment, and that's what they are used to. Not that you would want to do it because most people don't, but anybody can get a job as a CNA.
@@autohelix Appreciate the comment
No need for porn jokes. Actually - the opening joke is not needed. I just skip it
If China hadnt done it then India would have. Please read about India’s program to launch low cost satellites.
AI = modern day Dutch tulips.
I thought that was crypto!
I realized that the secret to making a million is saving for a better investment. I invested 30k in crypto and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.
Please how do I go about it, am still a newbie on investment trading and how can I make profit??
Yes back to the porn jokes. That was SO HORRIBLE
good joke...for once! 😂
Word of advice To Ed: stick with facts and not opinions. I’m a Chinese American and confident to say that I’ve read and learned about china its history and culture more than the most. I also live in china, so before you draw your conclusions about DeepSeek and china you should first ask yourself these questions:
Have you ever been to china? If so when? If not, why not? And if not, what do you really know about this country? And where are your opinions coming from? Based on what?
Remember, facts not opinions. Someone with knowledge doesn’t give a flying F about your ignorant and biased opinions when they aren’t remotely close to facts. You need to go on substack and read more about DeepSeek and AI before you draw your conclusions
And to the guest: I’ve been betting on Chinese companies since the drop and I’ll bet on china all day before I touch Europe or UK. What you said about china being uninvestable: thank you for your ignorance to gimme the opportunity to buy them cheap
Holy Bald
The race to the bottom has officially kicked off. Can’t wait to fulfill my AI overlords’ requests in Mandarin
When stocks don't go up the biggest winners are the American consumers.
The stock market is a barometer of how well monopiles extort the working class.
You forgot to apply your "archaic supply and demand theory" to housing. If America were to lose half of the illegals living here, housing would become more affordable for renters. Given that housing is the largest expense for the middle class lower rent would be a societal positive.
The systems around hiring is broken. The good jobs available are limited, and not online. Ghost jobs online are out of control and unregulated. The numbers around unemployment are significantly under-reported. A.I. will not offer more job opportunities. It will increase efficiencies, thus reducing labor. Emperor of narcissism and chaos back in office. Good times ahead. Wish I could go to St. Barts. Water is a nice color.
Mt. Everest is for amateurs, try K2 (don't).
The trade is Culebra Partners. The trade is PaaS not SaaS systems. The trade is private in my little company that gets very little attention because of all the scammers online have clouded my ability to market. That’s the goddamn trade and I am getting contracts left and right with almost zero marketing.
Everyone just waiting for the boys take on OpenAI bloodbath.
Yes. Application building. That’s what my damn company does!!! Culebra Partners 4 ever mofos. PaaS not SaaS. Building custom for companies for under 10K.
Recession?
Should Americans be worried about losing their job?
ua-cam.com/video/JDlIgAZwhJg/v-deo.htmlsi=mHx3KLXQGqtZf4Us&t=1336