this post was submitted on 28 Jan 2025
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He's not wrong. He was speaking in the implied scope of capitalism. Where u can't do something that cheap because without the ability to hit a huge payout for investors noone will fund you.
We're just seeing that capitalism can't compete with an economy that can produce stuff without making investors rich.
Probably should point out that DeepSeek is owned by a Chinese hedge fund. They specialize in algorithmic trading. Can't get much more capitalist than that. Very happy to see Chinese capitalists release an open source model. No doubt Altman and cronies will seek protection under the guise of national security. I guess free market competition is only good when you are not getting your arse kicked.
Good detail added, I did not know that. But they're still doing so with a much smaller payout than if they tried to compete the way a US capitalist would through a closed source full ownership model.
Chinese economy is even more capitalist if that's possible.