Deepseek

I get CCP being bad and all, but I'm a hair confused about the Deepseek panic. I played with it today, it works about the same as ChatGPT. I don't pay for either. So the fact it was created on the cheap...can someone explain why it matters so much? I enjoy Oppenheimer and The Brutalist. One was cheap, one was expensive. It just shows the prowess of a single firm making a free internet toy. I get maybe it leads to something larger, but maybe I'm just too dumb to see how it matters so much.

Also - the stocks "tanking" were the SP down 1.7%. Big deal in the scheme of things. But with respect to tanking - why? Was all this investment was premised on the big AI firms having a monopoly getting to charge for it down the line? Now they won't? Wouldn't that benefit all other firms in the world?

Truth is, I don't really understand AI yet. It reminds me of the internet in the old days when I'd look at the computer screen typing in basic commands and think to myself - I'd rather be doing about a million other things. I guess I see the potential right now for some efficiencies in tedious work, but I have this feeling it will be coopted by business and legal cartels (like a lot of other things).