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For the last 24 hours or so, I've been listening only one big nonsense everywhere that financial markets are going down because of Deepseek.
Wow! It's a big deal, it's sitting at no. 1 among AI apps and achieved it in a very very short time, still I can't get its affecting market negatively.
To take me out of any doubts, I found this interesting take by Anthony Pompliano... Here's the answer that I was looking for or I'd also give if asked.
The short answer is because majority of investors don’t understand how technology and financial markets are related.
You can also tell me your opinion about it. Is the recent turbulence in the markets is due to deepseek?
If it is deflation they are worried about, Preston has a great answer. Of course tradfi has yet to figure out that Bitcoin is not a tech stock.
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I'm honestly surprised that DeepSeek moved markets like this. I anticipate that this is overblown, and that's why I bought stocks today.
For one, so far these are all just claims. No one knows how much it actually cost DeepSeek to train the models. And we know China likes to play fast and loose with both data and intellectual property. I don't see any reason to panic about AI development in the West, yet.
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overblown
The market is going to figure it out. It seems there is no RAG capabilities (real-time generation).
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Financial markets are VERY irrational in the short run. They are emotional. We see this over and over again. They also don't understand AI.
I spent last week at a trade show outside of the tech sector and listened to some old dudes that actually use AI on a daily basis and I found it very refreshing how well they understand what it is actually doing. Nothing scary. No hype. Just their experience and how they have added it to their toolkits. Its a new tool. Not going away and the sky is not falling.
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In the long run financial markets are pretty amazing (by long run I mean 50-100 years). I used to think traders served no function in the market but that's a Marxist psyop that way to many bitcoiners swallow. Fiat is the problem, not stock markets and trading.
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I would love to see a bitcoiner and economists write about the market function of stock markets / traders / speculators. Maybe @Undisciplined? I think fiat muddies the water and due to the stupidity allowed by fiat the markets look bad.
We want freedom. We want people freed to do stupid stuff and suffer the consequences. Its how we learn as a species. Let them get reckt.
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I don't think I'm the right one for this assignment, although I agree with you.
Maybe @SimpleStacker or @denlillaapan want to take a crack at it.
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I have a bunch of such material out. Lemme go find some and republish as a ~BooksAndArticles post
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congrats bro. This is what you provoked! #867043
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Wonderful!
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100% 💯
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Nothing scary. No hype. Just their experience and how they have added it to their toolkits. Its a new tool. Not going away and the sky is not falling.
Love this haha. Yeah, just keep grinding boys
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29 sats \ 1 reply \ @kepford 27 Jan
More context. This guy said using AI to write a song is like having 15 people write a song.
He didn't specify whether that was good or bad. The massive room nodded their heads. I think they got it. Its neither... but it makes sense.
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was watching the Avicii documentary yesterday. It was wonderful to see him grapple with whether he was a musician or not. He didn't quite say it this way, but as he was sitting with his computer surrounded by a bunch of artists (singers, guitar players, producers yada-yada), I realized that he could make this computer produce any sound that exists, right.
And they kept talking about how he had this sense of natural melody, knowing instinctively what sounded good. So, producing music, AI style, while it makes sounds and strings tones together, doesn't make music; it's the taste, the human touch, the ability to pick which ones and which combos are good and which ones aren't.
nice realization from someone who wrote #796401
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wonder if deepseek is actually a demonstration of some secret US tool... just wrapped up as "Chinese company did this"
the markets would be reacting to covert tech being released by the Chinese.
see also EternalBlue
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