Nathan Lambert

And the companies that are trying to make money for this model is like a five X difference. There is still a gap, right? There's still a gap. And that is just DeepSeq being really freaking good, right? The model architecture, MLA, the way they did the MOE, all these things, there is like legitimate just efficiency difference.

And the companies that are trying to make money for this model is like a five X difference. There is still a gap, right? There's still a gap. And that is just DeepSeq being really freaking good, right? The model architecture, MLA, the way they did the MOE, all these things, there is like legitimate just efficiency difference.

I actually don't think they are. I think when you look at the Chinese labs, there's Huawei has a lab, Moonshot AI. There's a couple other labs out there that are really close with the government. And then there's labs like Alibaba and DeepSeek, which are not close with the government.

I actually don't think they are. I think when you look at the Chinese labs, there's Huawei has a lab, Moonshot AI. There's a couple other labs out there that are really close with the government. And then there's labs like Alibaba and DeepSeek, which are not close with the government.

I actually don't think they are. I think when you look at the Chinese labs, there's Huawei has a lab, Moonshot AI. There's a couple other labs out there that are really close with the government. And then there's labs like Alibaba and DeepSeek, which are not close with the government.

And we talked about the CEO, this reverent figure who's quite different, who has very different viewpoints based on the Chinese interviews that are translated than what the CCP might necessarily want. Now, to be clear, right, does he have a loss leader because he can fund it through his hedge fund? Yeah, sure. So the hedge fund might be subsidizing it. Yes. I mean, they absolutely did, right?

And we talked about the CEO, this reverent figure who's quite different, who has very different viewpoints based on the Chinese interviews that are translated than what the CCP might necessarily want. Now, to be clear, right, does he have a loss leader because he can fund it through his hedge fund? Yeah, sure. So the hedge fund might be subsidizing it. Yes. I mean, they absolutely did, right?

And we talked about the CEO, this reverent figure who's quite different, who has very different viewpoints based on the Chinese interviews that are translated than what the CCP might necessarily want. Now, to be clear, right, does he have a loss leader because he can fund it through his hedge fund? Yeah, sure. So the hedge fund might be subsidizing it. Yes. I mean, they absolutely did, right?

Because DeepSeek has not raised much money. They're now trying to raise around in China, but they have not raised money historically. It's all just been funded by the hedge fund. And he owns like over half the company, like 50, 60% of the company is owned by him.

Because DeepSeek has not raised much money. They're now trying to raise around in China, but they have not raised money historically. It's all just been funded by the hedge fund. And he owns like over half the company, like 50, 60% of the company is owned by him.

Because DeepSeek has not raised much money. They're now trying to raise around in China, but they have not raised money historically. It's all just been funded by the hedge fund. And he owns like over half the company, like 50, 60% of the company is owned by him.

They were so far behind and they got so much talent because they just open sourced stuff.

They were so far behind and they got so much talent because they just open sourced stuff.

They were so far behind and they got so much talent because they just open sourced stuff.

They released V3 on December 26th. Who releases the day after Christmas? No one looks, right? They released the papers before this, right? The V3 paper and the R1 paper. So people have been looking at it and be like, wow. And then they just released the R1 model. I think they're just shipping as fast as they can. And who cares about Christmas?

They released V3 on December 26th. Who releases the day after Christmas? No one looks, right? They released the papers before this, right? The V3 paper and the R1 paper. So people have been looking at it and be like, wow. And then they just released the R1 model. I think they're just shipping as fast as they can. And who cares about Christmas?

They released V3 on December 26th. Who releases the day after Christmas? No one looks, right? They released the papers before this, right? The V3 paper and the R1 paper. So people have been looking at it and be like, wow. And then they just released the R1 model. I think they're just shipping as fast as they can. And who cares about Christmas?

Who cares about... Get it out before Chinese New Year, right? Obviously, which just happened. I don't think they actually were timing the market or trying to make the biggest splash possible. I think they're just shipping. I don't know.

Who cares about... Get it out before Chinese New Year, right? Obviously, which just happened. I don't think they actually were timing the market or trying to make the biggest splash possible. I think they're just shipping. I don't know.

Who cares about... Get it out before Chinese New Year, right? Obviously, which just happened. I don't think they actually were timing the market or trying to make the biggest splash possible. I think they're just shipping. I don't know.