There are clouds of uncertainty over financial markets this week, as new China-based AI start-up, DeepSeek, has been showing its rapid innovation. It seems that DeepSeek can operate at a lower cost than American AI models.
On monday stocks of high-powered chip manufacturers, Nvidia and other American technology giants, decreased due the fact that debates have been fueling over the economic and geopolitical competition between US and China in developing AI technology.
This means, in my humble opinion, that we are not yet in a unipolar world completely ruled by the 0.05% richer people.
China just slapped US in the face
ReplyDeleteRight! China is systematically dismantling United States' delusions of AI dominance.
DeleteEl descalabro en bolsa que ha supuesto, ha sido impresionante....
ReplyDeleteBuenos dias Giorgio
Un abrazo
Actually Nvidia stocks fell by 17%.
DeleteLo specialista di finanza è mio marito.Ciao
ReplyDeleteWith regards to the fall of the US stock market, if someone wanted to understand what is going on, he/she wouldn't need any expert.
Delete...and my stock account shows it.
ReplyDeleteSorry for that, Tom! I hope it will recover after the selloff :-)
DeleteNot a big fan of AI. China is fast becoming the next super power. They always seem to do things a lot cheaper than the US.
ReplyDeleteThanks for your comment on the storm. We were all surprised and shocked over here. We haven't seen anything like that before. Most things are back to normal. The news is now saying we will get another storm soon and snow storms as well. We shall see what happens.
Hello, Ananka!
DeleteGlad to hear things are back to normal in your country.
I've just heard that dangerous weather is expected in Scotland's central belt, including Edinburgh and Glasgow.
I Hope people will take action to keep themselves and others safe.
Take care!
Thanks Giorgio. So far the weather has been okay. Slightly cold and frosty but nothing bad. I have managed to get out walking most of this week, so that is good! :-D
DeleteHi Giorgio, in my opinion we really have to be very careful with artificial intelligence. I talking about China, in my opinion, we in Europe have to do everything so that China willn't rule us soon.
ReplyDeleteGiorgio, I salute you and I wish you a good week!
Dear Anna, from a social point of view I think our policy-makers haven't understand yet how AI can affect us. The problem is that we, humans, don't know how AI could change the way we collect, aggregate and process information in our mind. Not to mention the increase in unemployment, given that AI can carry out an analysis or a graphic in a very short time compared to human beings.
DeleteYou wrote down an interesting point in you comment.
Enjoy the rest of this week ❄
ReplyDeleteIt's probably better that someone stands up to the US on this point.
Europe hasn't played a big role for a long time. We just react more.
Wish you a very nice evening
I agree on this, as I think that an unipolar world is not good.
DeleteAI is very interesting, and I have a fair bit to learn about as yet. I'll get there. Then I will make up my mind as to what I think about it.
ReplyDeleteI've just learnt a little about AI.
DeleteRegards :-)
The Chinese are the hardest working people on our planet. It seems like only recently China was the poorest country. And now they are the world's number one economy.
ReplyDeleteThe US does not want to accept that someone has overtaken them in technological development. Instead of fair competition, the Americans invent various sanctions and call China their enemy.
Since the early 2000s China had been increasing steadily its economic power, technological strength, and national defense capability. Not to mention of Beijing's significant role in global politics.
DeleteI am also glad to hear that China and India have recently agreed to carry out active interactions at all levels on bilateral and multilateral occasions, strengthen strategic communication, and enhance mutual political trust. In terms of international politics, this means that unipolarism doesn't exist anymore. The US will lose its military bases in more than 80 countries around the world.
Sovereignty and dignity of all countries do not have to be subordinated to the hegemonic countries.
Trump says the Chinese stole their AI project. He also said the Russians stole Biden's supersonic weapon project.
DeleteThe US doesn't have such a weapon. The US doesn't have such a great AI.
And he's lying. No one has STOLEN ANYTHING from them.
Giorgio, Pilsudski was going to attack the Soviet Union with Germany. Pilsudski was a bandit, not a politician. Is this a good relationship?
DeleteVuelvo a leerte Giorgio, a mi me asusta un poco esata veloz carrers de la inteligencia artificial, pienso que puede llegar un momento es que no sepamos parar y tampoco sabemos que tipo de consecuencias puede llegar a traer
ReplyDeleteLa respuesta que das a Ina me parece acertadisima, mis aplausos querido amigo
Un abrazo y buen fin de semana
Great to hear you agree on this, Stella :-) Actually, we haven't understand yet AI's effect on our mind. Consequently, we could see a change in our social behaviour. Unfortunately, it seems policy-makers aren't interested in such important point. Furthermore, as above mentione, AI may also create problems in terms of unemployment over the medium term.
DeleteHave a nice week end, dear Stella!
Haaa the US and the billionaires in your photo at the presidents inauguration think they know best. China is about to knock them to their knees.
ReplyDeleteEasy to se how they are afraid of Beijing's competition in developing AI technology ... that's the reason why Chinese AI start-up DeepSeek has been subjected to large-scale cyberattacks since early January.
DeleteIn the meanwhile, Nvidia's stocks decreased from $ 146 to $ 123 this week.
Have a nice day, Nicole :-)
Muy interesante, te mando un beso.
ReplyDeleteYes, this certainly caused a stir and shake-up for the markets!
ReplyDeleteI'm still not too sure about AI - but now it's here it will not go away!!!
Technology moves forward so fast.
All the best Jan
https://thelowcarbdiabetic.blogspot.com/
Hello, Giorgio! I am sorry you can't read my latest post. I have the Google translator on the right sidebar of my blog.
ReplyDeleteA billionaire president surrounded by billionaire friends (or sycophants) - just what we need.
ReplyDelete