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.

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[–] quarrk@hexbear.net 15 points 3 days ago* (last edited 3 days ago) (1 children)

Nvidias stock was $13 only four years ago, and until a few days ago it was 10 times that? Jesus Christ.

[–] merthyr1831@lemmy.ml 19 points 3 days ago (1 children)

this was published when Nvidia was already 8% down in after hours trading

[–] quarrk@hexbear.net 12 points 3 days ago

Thanks, I just noticed I wrote 4x when I meant 10x. And lol “screaming” is an interesting, and inevitably accurate, word choice