The U.S. just pledged hundreds of billions to protect its AI leadership. A Chinese startup with a ‘joke of a budget‘ may have already undercut those hopes - eviltoast
How a Chinese AI startup with a ‘joke of a budget’ won over experts—and spooked investors, the tech sector and the U.S. government
fortune.com
Hangzhou-based DeepSeek has released several open-source AI models that match OpenAI’s performance—with more efficiency and at lower cost.
    • humanspiral@lemmy.caEnglish
      3·
      5 days ago

      Capitalism, instead of Adam Smith definition, becomes supremacy of capital. Corporatism is actually more prominent than “shareholder rights/supremacy”. At any rate, Adam Smith said free markets where fair markets that resulted in perfect competition. Free competition sucks for oligarchs, because corrupt markets are more profitable.