The news the last couple of days has reported somewhat confusingly on new Chinese AI company called ‘DeepSeek’. I found a fairly clear report on the BBC about what is going on. DeepSeek itself isn’t the really big news, but rather what its use of low-cost processing technology might mean to the industry.
And that implication has cause a massive stock selloff of Nvidia resulting in a 17% loss in stock price for the company- $600 billion dollars in value decrease for that one company in a single day (Monday, Jan 27). That’s the biggest single day dollar-value loss for any company in U.S. stock market history.
Irene and I had our usual quiet Christmas, short a few decorations. We did put up a tree, and I made a turkey dinner for Christmas day- but other than that it was just quiet times together for us. That’s perfectly fine and more or less normal, but both of us are struggling with emotions which casts a shadow on things.
I’m starting to think about what comes next, and that includes thinking about the upcoming year in general. I looked back through my blog and found that, as far as I can determine, I have only given ‘New Year’ predictions once since I started writing here. Back in 2007 I prognosticated about what 2008 would bring and, skimming through that post, I think my guesses were largely correct. I was even right about Google, shares of which dropped about 50% during 2008- but over the longer term I was very wrong on that one.
Predictions for 2025 might be fun: I see that Wilhelm over on The Ancient Gaming Noob has been doing this kind of thing consistently for quite a few years. I don’t have any intent to reach that level of ludicrous detail, but maybe I can make this into an annual tradition of my own. Certainly I should be able to do better than once every 17 years.
I think the tradition of making predictions of the future near the turn of the New Year is vacuous and stupid. That’s why I’m planning on making predictions for the first time here on my blog- “vacuous and stupid” is my middle name 😉
