True, but training is one-off. And as you say, a factor 100x less costs with this new model. Therefore NVidia just saw 99% of their expected future demand for AI chips evaporate
Even if they are lying and used more compute, it's obvious they managed to train it without access to the large amounts of the highest end chips due to export controls.
Conservatively, I think NVidia is definitely going to have to scale down by 50% and they will have to reduce prices by a lot, too, since VC and government billions will no longer be available to their customers.
Because the silicon valley bros had convinced the national security wonks in the Beltway that it was paramount for national security, technological leadership and economic prosperity.
I think this will go down as the biggest grift in history.
Kevin Walmsley reported on Deepseek 10 days ago. Last week, the smart money exited big tech. This week the panic starts.
I'm getting big dot-com 2.0 vibes from all of this.
It is, but it's also a very efficient and difficult to evade tax.
For many EU countries the VAT revenue is equal or larger than the income tax revenue.
Most Europeans don't mind it. You can control your spending, so VAT doesn't hit us in inconvenient ways, like for example, taxes on cars and property.
European countries compensate poor people with good social programs. So in the end, poor people are getting more benefits than the VAT they pay.
Ever since China has winded down their US debt holdings, we have picked up the tab and the EU countries are now the largest foreign holder of treasuries.
Time to start selling.
And also, we only buy from European defense firms, no more spending on American defense.
Billions have already been spent on building chip fabs which will never be profitable.
Yes, China is doing the US taxpayer a solid by giving them an opportunity to prevent losing money on AI, but I think this administration is going to find a way to send those billions to silicon valley anyway.
Was this election so unimportant to the Democrats that they couldn't pressure Israel into a ceasefire in October?
Biden had all the power for the past 15 months. Failing to deliver anything and claiming they are "working tirelessly" can only mean incompetence or deception on the part of Democrats.
Blaming Palestinian-Americsns for staying home when American bombs were killing their families is just such a weak take.
I mean if people are gonna have guns and people with mental crises who go and murder other people, then let's choose the lesser evil:
a) Sandy Hook style shooting up a school, killing many kids and teachers
b) New Orleans style driving a car into a public event, killing many partygoers
c) Luigi style murdering a single person who is arguably themselves guilty of causing the legal death and suffering of thousands
Now what would be the lesser evil in this scenario?
Obviously, I prefer no dead people, which would require regulating guns and providing mental healthcare and a social safety net to people, but alas, that option seems to be impossible.
They are trading battery longevity for faster charging.
Personally, I generally prefer battery longevity, since that is the main factor that causes me to buy a new phone.
This is also the main reason I would like to buy a Fairphone for my next phone. I can get a new battery for $50 and replace it myself. And with 8-10 years of updates, I figure I can actually use it for 8 years with two battery replacements along the way.
True, but training is one-off. And as you say, a factor 100x less costs with this new model. Therefore NVidia just saw 99% of their expected future demand for AI chips evaporate
Even if they are lying and used more compute, it's obvious they managed to train it without access to the large amounts of the highest end chips due to export controls.
Conservatively, I think NVidia is definitely going to have to scale down by 50% and they will have to reduce prices by a lot, too, since VC and government billions will no longer be available to their customers.