this post was submitted on 27 Jan 2025
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Nvidia falls 14% in premarket trading as China's DeepSeek triggers global tech sell-off (www.cnbc.com)
submitted 4 days ago by [email protected] to c/[email protected]
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cross-posted from: https://lemm.ee/post/53805638

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[–] [email protected] 2 points 4 days ago

Exactly. Galaxy brains on Wall Street realizing that nvidia's monopoly pricing power is coming to an end. This was inevitable - China has 4x as many workers as the US, trained in the best labs and best universities in the world, interns at the best companies, then, because of racism, sent back to China. Blocking sales of nvidia chips to China drives them to develop their own hardware, rather than getting them hooked on Western hardware. China's AI may not be as efficient or as good as the West right now, but it will be cheaper, and it will get better.