Regarding the EV industry. I see this in Norway, where EV now is 90 percent of the new car market. Yes, Tesla changed the market. But lots of companies adapted. The Korean sells a lot of EVs. The Germans (Audi, BMW, WV, Mercedes), some of the Japanese (Nissan)… almost everyone but the Americans and Toyota. Tesla was like Netscape, a shock, but some adapted. The Netscape disappeared. Tesla will go the same way, unless they do something innovative again. And Musk isn’t interested.
Regarding the AI bubble, the big companies will have big trouble getting their investment back. It was rather expensive to get the best versions of Open AI etc. now people can get this cheaper. And they will. Yes there are some teething problems, and some distrust due a Chinese company. But given US tech culture these days why not go for the cheapest? Both will steal you data, so let’s use the cheapest thief. And the Open Ai will loose its money.
The value of Nvidia and the rest are still massively up- they only dropped to where they were in October or thereabouts, so the real adjustment is yet to come. But it was an impressive drop!
Regarding the EV industry. I see this in Norway, where EV now is 90 percent of the new car market. Yes, Tesla changed the market. But lots of companies adapted. The Korean sells a lot of EVs. The Germans (Audi, BMW, WV, Mercedes), some of the Japanese (Nissan)… almost everyone but the Americans and Toyota. Tesla was like Netscape, a shock, but some adapted. The Netscape disappeared. Tesla will go the same way, unless they do something innovative again. And Musk isn’t interested.
Regarding the AI bubble, the big companies will have big trouble getting their investment back. It was rather expensive to get the best versions of Open AI etc. now people can get this cheaper. And they will. Yes there are some teething problems, and some distrust due a Chinese company. But given US tech culture these days why not go for the cheapest? Both will steal you data, so let’s use the cheapest thief. And the Open Ai will loose its money.
Exactly right. You don't win if your only move is to ban the competition.
The value of Nvidia and the rest are still massively up- they only dropped to where they were in October or thereabouts, so the real adjustment is yet to come. But it was an impressive drop!
true
has not ali baba released an app which is cheaper than deep seek
yes, they are in the pile.
https://www.euronews.com/business/2025/01/29/ai-showdown-alibaba-claims-its-new-model-beats-deepseek-and-chatgpt