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Chinese are pretty pragmatic. Even if they produce more expensive chips and memory, they are still going to focus on value. But who knows, maybe India will step up again like they did for Y2K 3 decades ago.
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Unfortunately, India's focus is on everything but models. Hope I am wrong but the VCs there are now very risk free and are only investing in Snacks, Beauty and similar companies making risk free money due to growing income of population.

All the good talent moved to other countries due to this.

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Ah, positive racism.

So Americans aren't pragmatic, generally?

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Pragmatism is as American as it gets: https://en.wikipedia.org/wiki/Pragmatism
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Lol, Americans (the City upon a Hill and New Jerusalem people) are the least pragmatic people on earth.
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Looking at the oligarchy and excess of the United States, no.
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I agree. A meeting transcript posted recently from DeepSeek's founder suggests they're going to reach for larger models as soon as they can, and not look back. The model is already bigger than my machine can handle, though (I cannot put up with 25 t/s after getting used to over 100), so I'm not impacted.
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