What was the name of the story?

Good news.

China (at least for now) has adopted a policy of fierce internal competition.

The Chinese are moving aggressively into this market.

If shortages last until the 2030s, they will catch up and dominate the market.

I will have no sympathy for Western companies if that happens.

It’s like saying adding more steps to a ladder will make it fly.

Fundamentally, LLMs are not AI.

It’s warm and hilarious.

How can you doubt the Invisible Hand? Have you not seen how much it jerks?

Yeah, luckily in Australia, we are getting Chinese stuff without massive tariffs.

I see BYD cars everywhere.

These Chinese are catching up very quickly on GPUs, RAM, etc.

This would be a massive own goal for the existing incumbents.

Van Helsuck is what I remembered people calling it.

I’m assuming there must be downtime for maintenance and quality checks.

Oil prices are already plunging.

Supply is about 5 million barrels per day more than demand.

The last bailout was required because the banking system was the artery of the economy.

As irresponsible as they were, they needed to be functional to allow the economy to function.

It is hard to see how the government can afford to bailout the “AI” sector.

It is also not critical to the economy. In fact, you could argue the bubble is costing the economy in terms of opportunity costs, increased energy prices, consumer prices for laptops, hard drives, etc.

My view is while they may want to bailout their tech bros friends, I’m not sure it is possible.

Such innovation

You reckon they will just promise Trump to buy lots of oil but then do nothing like their soybean promise?

Private Equity is finding it increasingly difficult to offload the companies they have taken over.

With some luck, this dickhead will go broke.

The real question is how do you enshittify a product that is already shit?

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More competition for AMD and NVIDIA, the better.

I wouldn’t expect the first domestic Chinese GPU to be great but hopefully they keep iterating and get better and better.

I don’t have a problem with a social media ban on young people in theory.

We have multiple studies which show the negative impacts on young people of social media.

My issue is how such a law is implemented. It requires mass collection of user data and surveillance.