Chinese ChatGPT outperforms American models, on cheaper and less powerful chips as well. Leading to speculations of overvalued tech stocks in the US on an already very high valued market
Only some tech companies took a L, this is not a real image (unfortunately). The reason being that a chinese company managed to surpass OpenAI’s best models with 6 million funding and limited access to hardware, proving that Nvidia’s hardware isn’t all that necessary, and OpenAI is throwing money out the window
Loss in trust in the US economy under Trump along with the appearance of a new “Hail Mary” by investors who can look outside of the US’ national borders unlike Trump and his followers.
What am I looking at? What’s the reason behind this collapse?
Chinese ChatGPT outperforms American models, on cheaper and less powerful chips as well. Leading to speculations of overvalued tech stocks in the US on an already very high valued market
On par with
Trained for less money on weaker hardware
It also open source.
Sure is, but was that a factor for the stock market going down?
Only some tech companies took a L, this is not a real image (unfortunately). The reason being that a chinese company managed to surpass OpenAI’s best models with 6 million funding and limited access to hardware, proving that Nvidia’s hardware isn’t all that necessary, and OpenAI is throwing money out the window
https://finviz.com/map.ashx
Loss in trust in the US economy under Trump along with the appearance of a new “Hail Mary” by investors who can look outside of the US’ national borders unlike Trump and his followers.