Comment by Saline9515
3 hours ago
Moonshot (Kimi) and Deepseek trained their model on chinese GPU, with little capital, and are raising now at around 20b$ valuations.
Their latest models are arguably comparable to frontier ones. It is obvious that the valuations of the US companies are totally surreal now.
Apparently it's not obvious by evidence of the investment in them and stock value.
Because everybody is playing the same game?