As someone who follows AI basically minute-to-minute, I'm a little confused about why everyone is freaking out so much about DeepSeek & R1. Normal (non-tech) people are asking me about it today. The stock market is freaking out.<p>Why is this news—which is mostly technical and incremental—causing such panic?
China's AI says it is using less power and cost less, yet what I heard is that it's more powerful. How can it be? I know that China lies about it, but can people be that gullible to believe that?
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