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2 Trillion dollars in U.S. Stock market cap erased in a day by DeepSeek, which was released only a day after the US announced a 500 billion dollar investment in AI.
DeepSeek only invested 5.6 million dollars in computing power.
this post was submitted on 27 Jan 2025
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chapotraphouse
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Fun fact, the US solar panel output is much lower than its on-paper capacity because all that investment went into the end of the pipeline and very little into the beginning, so things like polysilicon availability are causing supply chain bottlenecks.