tech stocks crash

[sparkie]

not really politics but not sure where else to put it

a bunch of tech stocks are crashing now that the AI bubble was burst by china's superior tech. 

silicon valley freaks are crying and shitting themselves

i think we all deserve to point and laugh at these nerds today

[gorzek]

I fucking love it. This will be bad for AI gold rush titans like Microsoft, OpenAI, etc. By "democratizing" this technology, there won't be so much money in it, and its usefulness will have to be proven rather than everybody being forced to use it because a handful of companies want to make a trillion dollars off of it.

Total win-win for regular people. I hope Sam Altman is crying himself to sleep.

[sparkie]

tbh with how much money altman has grifted i think he's probably going out a window soon lmao

[gorzek]

I tell you one thing, whoever is being paid to run interference on the allegations against him is gonna just... stop doing that.

[gorzek]

I didn't realize Deepseek just put out a multimodal model this morning, too. All the hype was about R1 from a couple days ago. They're really going for the throat here...

[gorzek]

Good article on the political angle of this too: https://itsgoingdown.org/good-night-tech...i-fascism/

[gorzek]

lol, lmao

https://fortune.com/2025/01/27/mark-zuck...-ai-china/

[ScottyMcGee]

I for one enjoy watching a disrupter in the economy like this.

It just adds more entropy to the universe.

[gorzek]

People legit get paid to write crap like this.