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Abolish the Dictatorship of the Billionaires! ... See MoreSee Less
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Workers World Party-Boston updated their status.
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>The rapid rise of DeepSeek caused an unprecedented crash in the valuation of multiple U.S. tech companies, wiping out close to $1 trillion in combined market value from chip giant Nvidia Corp. and other peers. The loss to Nvidia was by far the largest, fastest devaluation of a U.S. company in history.
>Socialist economic planning behind DeepSeek’s success
>DeepSeek owes its efficacy to the socialist character of the People’s Republic of China (PRC), in which it was developed. The PRC’s economic central planning, through which it seeks to combine the advantages of strictly regulated capitalistic markets with state-owned enterprises designed for the benefit of the Chinese people, conforms to socialist methods of planning initiated by its first leader Mao Zedong. Socialist planning has enabled the PRC’s meteoric rise as a world power rivaling the U.S., as evidenced by the success of DeepSeek. ...
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China’s DeepSeek AI reveals advantages of socialism
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The Chinese company DeepSeek released its artificial intelligence (AI) chatbot to the U.S. market on Jan. 20. By the following week, it was the most downloaded app on the iOS App Store, surpassing Open AI’s ChatGPT. The rapid rise of DeepSeek caused an unprecedented crash in the valuation ofWorkers World Party-Boston updated their status.
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