Probably should point out that DeepSeek is owned by a Chinese hedge fund. They specialize in algorithmic trading. Can’t get much more capitalist than that. Very happy to see Chinese capitalists release an open source model. No doubt Altman and cronies will seek protection under the guise of national security. I guess free market competition is only good when you are not getting your arse kicked.
Good detail added, I did not know that. But they’re still doing so with a much smaller payout than if they tried to compete the way a US capitalist would through a closed source full ownership model.
Granted there are some important differences both culturally and in the way the countries operate but keep in mind that Chinese enterprises have been so successful that they have become aspirational for some western entrepreneurs.
Musk desperately wants X to become another WeChat and to have a similar cosy relationship with government that TenCent enjoys. In a one party state that sort of arrangement is kind of inevitable. A huge proportion of TenCent staff are CCP members and they co-operate to protect the Chinese state. In a multi-party democracy that sort of arrangement is extremely dangerous. We need to maintain a diversity of thought which requires limiting the influence of wealthy individuals and the platforms they control.
Altman appears to have sold the idea that ClosedAI can establish a monopoly in the space and charge rent to regurgitate the sum of human knowledge and experience without receiving permission or paying just compensation. I am relieved to see that being shaken though I will be more relieved if they collapsed.
Probably should point out that DeepSeek is owned by a Chinese hedge fund. They specialize in algorithmic trading. Can’t get much more capitalist than that. Very happy to see Chinese capitalists release an open source model. No doubt Altman and cronies will seek protection under the guise of national security. I guess free market competition is only good when you are not getting your arse kicked.
Good detail added, I did not know that. But they’re still doing so with a much smaller payout than if they tried to compete the way a US capitalist would through a closed source full ownership model.
Granted there are some important differences both culturally and in the way the countries operate but keep in mind that Chinese enterprises have been so successful that they have become aspirational for some western entrepreneurs.
Musk desperately wants X to become another WeChat and to have a similar cosy relationship with government that TenCent enjoys. In a one party state that sort of arrangement is kind of inevitable. A huge proportion of TenCent staff are CCP members and they co-operate to protect the Chinese state. In a multi-party democracy that sort of arrangement is extremely dangerous. We need to maintain a diversity of thought which requires limiting the influence of wealthy individuals and the platforms they control.
Altman appears to have sold the idea that ClosedAI can establish a monopoly in the space and charge rent to regurgitate the sum of human knowledge and experience without receiving permission or paying just compensation. I am relieved to see that being shaken though I will be more relieved if they collapsed.