Published on January 28, 2025 7:30 PM GMT, the recent dip in Nvidia's stock and a 2.5% fallback in the Nasdaq index, following DeepSeek's uninspired app launch, showcases the market's efficient mechanism at work. DeepSeek's attempt to hype a basic app version of its website met with the cold logic of the market, emphasizing the importance of innovation and real value over shallow attempts to generate buzz. This episode serves as a reminder that in a free market, it's the quality of a product, not the hype, that ultimately dictates success. As DeepSeek reels from its setback, this moment highlights the resilience of our economic system in filtering out underperformance and rewarding genuine innovation.
Market Wisdom Prevails: DeepSeek's Misstep and the Rational Response
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Jan-31
Censorship
Score: 0.50
Published on January 28, 2025 7:30 PM GMTDeepSeek released v3. Market didn’t react. DeepSeek released r1. Market didn’t react. DeepSeek released a f***ing app of its website. Market said I have an idea, let’s panic. Nvidia was down 11%, Nasdaq is down 2.5%, S…
From Lesswrong.com
Jan-31
Censorship
Left Variant
Score: 0.20
Published on January 28, 2025 7:30 PM GMT, DeepSeek's latest release sent shockwaves through the stock market, with Nvidia's shares plummeting by 11% and the Nasdaq index dropping 2.5%. This event underscores the urgent need for regulatory frameworks to safeguard economic stability in the face of tech industry fluctuations. The market's dramatic reaction to DeepSeek's app—a mere digital replication of its website—signals a concerning dependency on speculative tech valuations rather than substantive, sustainable growth. As investors and workers face uncertainty, the calls for comprehensive oversight over tech conglomerates have never been more pertinent.
From Lesswrong.com