Bot Stock Shock
DeepSeek—a Chinese AI company—is threatening to upend the technology world order.
Released last week, the startup’s model is reportedly as good as ChatGPT but costs ~97% less to build, operates at 3-4% the cost-per-output, and is free to use (vs. $20/month to get all of ChatGPT’s features). Amid the hype, DeepSeek swiftly passed ChatGPT as the top-downloaded free app in Apple’s App Store.
Unlike competitors, DeepSeek left Nvidia chips out of its build, and the stock market definitely noticed.
Tech stocks lost a combined $1 trillion of market value on Monday, led by Nvidia, which posted the largest single-day loss in history ($600 billion, ouch). Microsoft, Meta, and Tesla also posted big drops as investors questioned their plans to spend billions on (apparently unnecessary) AI infrastructure. Yesterday, the panic mellowed, and stocks rebounded.
RADIATE HOPE
In a world of rapid AI developments and innovations, God remains God, and our eternal life with Christ remains secure. Be quick to point to God and give him the credit for your hope, strength, and love during times dominated by the unknown.
“The life of every living thing is in his hand, as well as the breath of all humanity.”
Job 12:10 (CSB) (read full passage)