Deep Seek Bursts American AI Bubble
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The overhyped AI bubble, which the US has been blowing up with nationalistic fervour has been rocked. Deep Seek bursts American AI bubble. Right at the time, when Trump 2.0 has been making its MAGA fuelled craziness felt this comes as a wake up call on the global stage. The Big Tech realm is no longer an exclusively stars and stripes affair, it seems.
“Nvidia stock lost more market value than any company in history on a single day Monday. It plummeted after news that a Chinese company had built an artificial-intelligence model that was competitive with Western rivals for a fraction of the cost provoked a panic in the chips sector.”
AI Bubble Blown Open By Deep Seek
Stay tuned for an alarmist national security furphy warning by the US, as they usually do when they are outperformed by the Chinese. We have seen this re-electric vehicles (EVs) and Tik Tok. Conveniently this red flag is raised to divert the success of better performing Chinese tech in the US market place. Desperate folk do desperate things; like re-electing Donald Trump – a convicted felon and sexual abuser to the White House. Americans, like Trump, don’t like to lose and will rewrite the rules of the game to suit their purpose.
American Insecurities Growing
Dig a little below the surface of Americans, Australians and Anglos globally and fear of the yellow peril persists. Racism lies at the poisoned heart of many decisions made about the Chinese. Anxieties about China amid American deep insecurities in a new competitive world collide to produce the BS we regularly hear about national security in the 21C. Many countries are sick of the US hegemony economically and BRICS is growing.
“The countries that comprise BRICS—which stands for Brazil, Russia, India, China, and South Africa, and now five new members—are an informal grouping of emerging economies hoping to increase their sway in the global order. Established in 2009, BRICS was founded on the premise that international institutions were overly dominated by Western powers and had ceased to serve developing countries. The bloc has sought to coordinate its members’ economic and diplomatic policies, found new financial institutions, and reduce dependence on the U.S. dollar.”
Totalitarian Big Tech Corporations
If there is a choice in the world about how things are run there is a growing dissatisfaction with the corporatised US oligarchic model currently fleecing us out of our meagre wealth. These huge American multinational firms like Apple, Google, Microsoft and Meta pay very little tax relative to their massive earnings wherever they do business. They operate monopolistic and duopolistic markets to eliminate competition and thus holding consumers price powerless. This is not how Adam Smith defined capitalism and the free market economy. It is a distortion of it and a manipulation by these too big businesses. Governments have been bought off and rendered impotent in the face of this totalitarian corporatisation. Big Tech is Big Brother in 2025.
Nobody is suggesting that China is an ideal alternative, rather in this instance it provides much needed competition. It is competition that we all desperately need to reinvigorate the free market to actually work as its founders intended. At a time, when we need stronger independent governments to stand up to the corporate behemoths the US has gone in the opposite direction. Trump 2.0 is oligarch heaven, where billionaires are swooned over and given unfettered political power. Americans are not the sharpest tools in the shed and have been lied to since birth. It is not socialism that is to be feared but the totalitarian corporatisation of everything where life’s essentials are financial products inflated by these distorted markets out of the economic reach of ordinary workers.
Deep Seek bursts American AI bubble. The Chinese, once again, rain on the BS MAGA parade with this open source AI technology. It is now the number one downloaded AI app. Will we have cause to thank the Chinese for interrupting the overhyped AI marketing BS? Microsoft is already enforcing a price rise for Office 365 subscribers with its CoPilot AI built in. The oligarchic corporations of Big Tech continue to fleece us all around the globe.
I am listening to an ABC news report about the failure of Deep Seek to answer a question about the Tiananmen Square massacre. This is the usual Western default position on China referencing everything to human rights’ failures. Yes, this is a valid criticism. In America, Donald Trump has just pardoned murderers and coup insurrectionists who tried to take the Capitol on the 6th of January 2021. These people beat up police, killing a few, violently broke into the Capitol vandalising it and threatening the safety of congressmen and women. In Florida, they are banning the teaching of African American studies at schools and colleges. There is a GOP led effort to minimise learning about slavery in American history. Indeed, many of the race massacres and public lynchings/burnings are not taught in American schools. These omissions about historical human rights issues are not raised by the world media when referencing American technological inventions. Whereas for China there is always a BUT. Is this another example of default Western conceptions of superiority over other races?
This is yet another example of American demonisation of any alternative to their hegemony. The other guy is always the bad guy. Meanwhile, we get taken to the cleaners financially by these ruthless greedy SOBs running the show – the oligarchs dining out on our powerlessness.
Robert Sudha Hamilton is the author of America Matters: Pre-apocalyptic Posts & Essays in the Shadow of Trump.
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