@sickburnbro @TrevorGoodchild 1) Japan raising rates had more of a technical impact on markets due to disruption of the carry trade than any narrative around AI. Institutions aren’t panic selling here…

2) This isn’t being developed in a vacuum from scratch.

2a) They have a robust system for corporate espionage.

3) Application specific integrated circuits didn’t have particularly huge research costs, they might be doing something similar here.

4) They’re going for “good enough“ with this whole system, which is why it works better. Pareto principle and all that.