Category: Corporate Statism

Am I happy?

~ susie

Hell, yes! Happy that the stock market is tanking in tech, with the same major players who aligned themselves with Trump? Don’t worry, your 401K will bounce back. (Eventually.) But the heretofore-unshakable tech titans who have been kissing Yambo’s ass? Not looking so fucking prescient now, are they?

It was just last week when Trump announced a $500 million grant for an AI facility.

Now it’s all blown to shit!

Remember, AI uses ginormous amounts of water and energy, just like crypto. DeepSeek is energy efficient — and cheap. It’s also open source. And anything that undercuts the money and power of the tech bros also undercuts Trump.

The whole thing makes me happy as a pig in shit.

“Over the weekend, DeepSeek shot to the top of Apple’s App Store charts, rivaling ChatGPT. And DeepSeek is drastically undercutting OpenAI on price.

“That raises a number of questions:

  • “Do leading A.I. companies like Google, Meta and the privately held OpenAI and Anthropic deserve their astronomical valuations?
  • “Do companies need to spend hundreds of billions on vast data centers powered by hugely expensive chips from Nvidia and others? Consider that OpenAI and its partners have promised to spend at least $100 billion on their Stargate project, or that Microsoft said it will spend $80 billion, or Meta $65 billion.
  • “Does America need the huge uptick in electricity generation that has fueled a run-up in utility stocks?