Alex Wagner

That would be sort of like the most naive and it's a possible explanation. They're a hedge fund, right? So could they have basically set their sights on creating something that's this efficient and shorted NVIDIA, right? NVIDIA was down 16% yesterday, right? It's bounced back a little bit as of this recording. I mean, that's another possibility.

That would be sort of like the most naive and it's a possible explanation. They're a hedge fund, right? So could they have basically set their sights on creating something that's this efficient and shorted NVIDIA, right? NVIDIA was down 16% yesterday, right? It's bounced back a little bit as of this recording. I mean, that's another possibility.

And the third possibility that I can think of is that this was something that the Chinese government basically directed resources to. And we're only seeing the tip of the spear in terms of what was needed to develop the model. There was definitely a lot more money spent than the few hundred million that we know or the couple million that we know was spent for the last iteration.

And the third possibility that I can think of is that this was something that the Chinese government basically directed resources to. And we're only seeing the tip of the spear in terms of what was needed to develop the model. There was definitely a lot more money spent than the few hundred million that we know or the couple million that we know was spent for the last iteration.

And the third possibility that I can think of is that this was something that the Chinese government basically directed resources to. And we're only seeing the tip of the spear in terms of what was needed to develop the model. There was definitely a lot more money spent than the few hundred million that we know or the couple million that we know was spent for the last iteration.

And maybe that's a way to sort of assert China supremacy on AI and undercut the American AI initiative. But the bottom line here, I want to put this pretty clearly, is that this was coming. This was going to happen. whether it was going to come from an American firm or a Chinese firm.

And maybe that's a way to sort of assert China supremacy on AI and undercut the American AI initiative. But the bottom line here, I want to put this pretty clearly, is that this was coming. This was going to happen. whether it was going to come from an American firm or a Chinese firm.

And maybe that's a way to sort of assert China supremacy on AI and undercut the American AI initiative. But the bottom line here, I want to put this pretty clearly, is that this was coming. This was going to happen. whether it was going to come from an American firm or a Chinese firm.

And what deep seek proved was that you can do this with inferior chips and you can do this with a smaller team and you can do this much more efficiently. And I think, you know, that was going to happen one way or the other. So like the grand, like conspiracy theory thinking of like, you know, this is a Trojan horse that China has thrown into the United States to destroy our industry.

And what deep seek proved was that you can do this with inferior chips and you can do this with a smaller team and you can do this much more efficiently. And I think, you know, that was going to happen one way or the other. So like the grand, like conspiracy theory thinking of like, you know, this is a Trojan horse that China has thrown into the United States to destroy our industry.

And what deep seek proved was that you can do this with inferior chips and you can do this with a smaller team and you can do this much more efficiently. And I think, you know, that was going to happen one way or the other. So like the grand, like conspiracy theory thinking of like, you know, this is a Trojan horse that China has thrown into the United States to destroy our industry.

Doesn't really hold water to me. It's what everybody in the U S was aiming toward.

Doesn't really hold water to me. It's what everybody in the U S was aiming toward.

Doesn't really hold water to me. It's what everybody in the U S was aiming toward.

Yeah, I mean, isn't it amazing that Stargate and DeepSeek R1 come out like basically at the same time? And it was, I mean, I wrote about this in my newsletter last week. It was just like, wow, like these two things seem like they're barreling towards each other and something has to give. So, okay, so why didn't the US firms develop this? Couple reasons.

Yeah, I mean, isn't it amazing that Stargate and DeepSeek R1 come out like basically at the same time? And it was, I mean, I wrote about this in my newsletter last week. It was just like, wow, like these two things seem like they're barreling towards each other and something has to give. So, okay, so why didn't the US firms develop this? Couple reasons.

Yeah, I mean, isn't it amazing that Stargate and DeepSeek R1 come out like basically at the same time? And it was, I mean, I wrote about this in my newsletter last week. It was just like, wow, like these two things seem like they're barreling towards each other and something has to give. So, okay, so why didn't the US firms develop this? Couple reasons.

First of all, it could just be a natural resource curse. Honestly, without the constraints, they didn't have to think about this way. Now, their models have become much more efficient over time. And that makes a big difference because they've been, again, heading this direction. It just hasn't been an imperative toward them.

First of all, it could just be a natural resource curse. Honestly, without the constraints, they didn't have to think about this way. Now, their models have become much more efficient over time. And that makes a big difference because they've been, again, heading this direction. It just hasn't been an imperative toward them.

First of all, it could just be a natural resource curse. Honestly, without the constraints, they didn't have to think about this way. Now, their models have become much more efficient over time. And that makes a big difference because they've been, again, heading this direction. It just hasn't been an imperative toward them.