Isthisreddit@lemmy.worldtoTechnology@lemmy.world•The U.S. just pledged hundreds of billions to protect its AI leadership. A Chinese startup with a ‘joke of a budget‘ may have already undercut those hopesEnglish
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4 days agoAnd that mathematician won’t see the profits for that faster algorithm and you will never hear their name - shits been happening in tech for decades
Honestly none of this means anything at the moment. This might be some sort of calculated trickery from China to give Nvidia the finger, or Biden the finger, or a finger to Trump’s AI infrastructure announcement a few days ago, or some other motive.
Maybe this “selloff” is masterminded by the big wall street players (who work hand-in-hand with investor friendly media) to panic retail investors so they can snatch up shares at a discount.
What I do know is that “AI” is a very fast moving tech and shit that was true a few months ago might not be true tomorrow - no one has a crystal ball so we all just gotta wait and see.