DeepSeek just proved Lina Khan right

[drmoose@lemmy.world]

Exactly, the AI scene is more competitive than any other tech section ever has been in the entire history of tech.

The "article" is kinda low-effort bait and shouldn't even be here.

[gradually_adjusting@lemmy.world]

The market's chronic convulsive disorder is, imo, an inefficient pricing problem. Price discovery doesn't really exist, most of the trading volume is "off-exchange" and market makers have severe unchecked moral hazards in how they do business.

The underlying value of publicly traded companies simply does not change as fast as this. Regardless of what you might say about the speed at which the market reacts to new information. In a world where the media openly and solely serves the interests of billionaires and a small outfit like Wall Street On Parade is routinely censored on socials, there's no reason to believe anything you're ever told by the news about any moves in the market.

[jonathan@lemmy.zip]

The US is 4% of the world's population.

[yondoza@sh.itjust.works]

If their claims are true, yeah. That's how I read the implications.

[surewhynotlem@lemmy.world]

Stock investing isn't about underlying value. The company itself is almost irrelevant. Stock investing is about predicting stock investor sentiment.

[gradually_adjusting@lemmy.world]

That's not a traditional view of investing or the manner in which securities are built to be valued, but it is admittedly the modal paradigm to which we are subject.

[barsoap@lemm.ee]

Which is why NFTs work. They're refreshingly honest: They represent nothing of any kind of value, yet are valued. Something something fetishism.

[sgt_choke_n_stroke@lemmy.world]

[gradually_adjusting@lemmy.world]

A part of me loved the idea of decentralized finance (punk as fuck if it hurts centralized finance) and was rooting for NFTs if they were going to be used to restore ownership rights for digital property but... That's not what happened. It's all grift.

[allonzee@lemmy.world]

Their unhinged need for growth/metastasis to to feed their ego scores is unquenchable and ending the world.

It's tragic we won't physically stop them via revolution. We are cowards that mistake this quiet slaughter for peace. The planet will have to do it for us, and take us and a lot of innocent surface life with them.

[jhex@lemmy.world]

Fancy word foot work for "speculation"

[bamboo@lemm.ee]

The internet was developed by ARPA, then later made available to universities and eventually private connections. Military and public research developed the tech, capitalists figured out how to most efficient sell junk using the tech.

[demonsword@lemmy.world]

Adopting capitalism colonialism early on is about 75% of the reason the West is at the top of the modern world order

[naia@lemmy.blahaj.zone]

There's something to be said that bitcoin and other crypto like it have no intrinsic value but can represent value we give and be used as a decentralized form of currency not controlled by one entity. It's not how it's used, but there's an argument for it.

NFTs were a shitty cash grab because showing you have the token that you "own" a thing, regardless of what it is, only matters if there is some kind of enforcement. It had nothing to do with rights for property and anyone could copy your crappy generated image as many times as they wanted. You can't do that with bitcoin.

[noneofurbusiness@fedia.io]

Honestly, not really. Colonialism made Western Europe wealthier for the time period, but it was investment in science and technology that gave the West the industrial and technological advantage that sets them aside from the rest of the world (other than China) today. There are very few non-Western non-China countries where appreciable heavy industry takes place that isn't resource extraction-parallel like oil refinement. There are also very few non-Western non-China countries with the industrial capital and technological knowhow to, for example, make smartphones.

You'll notice that I keep including China as an exception here, which is because China noticed the importance of these things and went ahead to develop/steal these, and it's because it was able to obtain these things that China is the global giant that it is today.

[noneofurbusiness@fedia.io]

That's late stage capitalism, which only really started in the 80s. Early to middle capitalism is a mix of both panels. I'll just link my other comment here.

[noneofurbusiness@fedia.io]

I mean yes, true, but it was capitalists who made smartphones and computers. I'll just link my other reply here.

[surewhynotlem@lemmy.world]

Certainly. But very few people really do value investing anymore. Even professionals.

[futatorius@lemm.ee]

Those poor little hothouse flowers.

[futatorius@lemm.ee]

Even someone as far back as Adam Smith knew that businesses hate competition and will do anything they can to avoid it. The broligarchy was speed-running the construction of an oligopoly and lobbying the government to erect barriers to entry so they could take their sweet time milking us dry. Now I'm not sure about what the real backstory of DeepSeek might be, but it is still satisfying to see Altman get his ass handed to him.