Chinese AI has stock future WAY down

Status
Not open for further replies.

57stratdawg

Well-known member
Mar 24, 2010
28,244
3,880
113
We’ll see what happens after the bell rings. AI valuations are crazy high right now.

Remember in the 90’s and 00’s there was talk that thanks to our market economy the Chinese would never be able to innovate at the same rate as us. Yeah - no one says that anymore.
 

Dawgbite

Well-known member
Nov 1, 2011
6,751
5,637
113
They can always steal their way up.
As someone who did quite a bit of business in China I couldn’t agree more. The Chinese are going to lie , cheat , and steal every chance they get, if you don’t catch them then you’re a bad businessman and it’s your own fault. I did some business in Pakistan too, totally different business environment but just as bad in its own way.
 

HRMSU

Well-known member
Apr 26, 2022
1,013
848
113
As someone who did quite a bit of business in China I couldn’t agree more. The Chinese are going to lie , cheat , and steal every chance they get, if you don’t catch them then you’re a bad businessman and it’s your own fault. I did some business in Pakistan too, totally different business environment but just as bad in its own way.
Stealing ideas is engrained in the CCP culture. Make no mistake about it even though only 10% of the population is CCP that is who owns the businesses and are also able to send their kids to college.
 

57stratdawg

Well-known member
Mar 24, 2010
28,244
3,880
113
NVDA down 14%. Think we can hand the most valuable company award back to Apple.
 

57stratdawg

Well-known member
Mar 24, 2010
28,244
3,880
113
I think we basically replaced “they’ll never be able to innovate like us” with “they steal from us”.

For the record, I don’t doubt that they do target our companies, but they also do really well with data collection. There was real innovation in TikTok’s algorithm. If anything our Instagram Reels moved towards TikTok. They picked up on that trend because they have more people and can watch them closer. They can data-mine their own population better than we can.
 
Last edited:
  • Like
Reactions: dorndawg

Dawgbite

Well-known member
Nov 1, 2011
6,751
5,637
113
That's sounds awful. I'm thankful we do things differently here.
I can remember doing trade shows and there would be Chinese guys with huge telephoto lenses on cameras taking pictures of our booths and products from a 100 yards away. They would watch you from a distance and wait for you to get busy and distracted with a customer and then they would slip up behind you and steal any paperwork laying around the booth. It was almost funny.
 

horshack.sixpack

Well-known member
Oct 30, 2012
9,598
5,782
113
We’ll see what happens after the bell rings. AI valuations are crazy high right now.

Remember in the 90’s and 00’s there was talk that thanks to our market economy the Chinese would never be able to innovate at the same rate as us. Yeah - no one says that anymore.
They aren't known for innovation, but they are known for stealing IP and reappropriating it at scale to enrich themselves to our detriment. I'm sure as soon as we dump billions into AI, annex Canada, Greenland and Mexico, we will be on track to greatness. Thank goodness we are working on all the things that most Americans are worried about***
 

onewoof

Well-known member
Mar 4, 2008
10,914
7,467
113
well, when you prevent China from buying NVidia super duper AI high end chips, what did you expect? It is not like they do not have the expertise to build the same or similar thing.
 

GloryDawg

Well-known member
Mar 3, 2005
15,521
6,938
113
They are full of ****. However, they do build 100 new coal plants every year and probably have the power to run AI where we don't.
 
Last edited:
  • Like
Reactions: patdog

fredgarvin

Member
Jun 26, 2010
575
37
28
As someone who did quite a bit of business in China I couldn’t agree more. The Chinese are going to lie , cheat , and steal every chance they get, if you don’t catch them then you’re a bad businessman and it’s your own fault. I did some business in Pakistan too, totally different business environment but just as bad in its own way.
When I took a business trip to China, my company would not let me take my laptop and required me to take a burner phone instead of my normal cell phone.
 

WilCoDawg

Well-known member
Sep 6, 2012
4,994
3,263
113
When I took a business trip to China, my company would not let me take my laptop and required me to take a burner phone instead of my normal cell phone.
Fred, you went to China and they were afraid of the Chinese stealing steak cooking secrets?***
 
  • Like
Reactions: fredgarvin

WilCoDawg

Well-known member
Sep 6, 2012
4,994
3,263
113
They aren't known for innovation, but they are known for stealing IP and reappropriating it at scale to enrich themselves to our detriment. I'm sure as soon as we dump billions into AI, annex Canada, Greenland and Mexico, we will be on track to greatness. Thank goodness we are working on all the things that most Americans are worried about***
Damn, girl. Is there anything posted that you don’t try and steer towards a TDS statement? Did he sleep with your wife?
 

onewoof

Well-known member
Mar 4, 2008
10,914
7,467
113
This seems like an obvious troll by China. How to slow down our dominance? Say exactly what they said. I'm almost willing to bet they would employ 20K people to manually respond to their AI engine
 

HRMSU

Well-known member
Apr 26, 2022
1,013
848
113
That's sounds awful. I'm thankful we do things differently here.
I think you could admit that doing it and having it ingrained and celebrated in your culture are too different things but I could be wrong.
 
  • Like
Reactions: patdog

mstateglfr

Well-known member
Feb 24, 2008
13,966
3,846
113
I think you could admit that doing it and having it ingrained and celebrated in your culture are too different things but I could be wrong.
Like the difference between a run of the mill serial killer and Charles Manson.

One murders a lot and personally benefits, but isn't celebrated.
The other murdered a lot and was celebrated by the culture/family.


"Its a bunch of murders, but at least it isn't celebrated!"
 

HRMSU

Well-known member
Apr 26, 2022
1,013
848
113
Like the difference between a run of the mill serial killer and Charles Manson.

One murders a lot and personally benefits, but isn't celebrated.
The other murdered a lot and was celebrated by the culture/family.


"Its a bunch of murders, but at least it isn't celebrated!"
About the ingrained part?

Claiming an equivalence that US for profit companies encourage their employees to act unethically or illegally is beyond laughable.

Not sure of your background or experience in the corporate world but it's pretty litigious and lawsuits cost money which hurts the pockets of your greedy capitalist boogieman. Are there plenty of examples of crooked companies or lone wolves.....sure....but in the US it's not state sponsored and it's overwhelmingly the exception to the rule....gheesshus.
 

mstateglfr

Well-known member
Feb 24, 2008
13,966
3,846
113
About the ingrained part?

Claiming an equivalence that US for profit companies encourage their employees to act unethically or illegally is beyond laughable.

Not sure of your background or experience in the corporate world but it's pretty litigious and lawsuits cost money which hurts the pockets of your greedy capitalist boogieman. Are there plenty of examples of crooked companies or lone wolves.....sure....but in the US it's not state sponsored and it's overwhelmingly the exception to the rule....gheesshus.
My initial comment on this topic was in response to the observation that lying and stealing are seen as virtues in China.

I think both of those thing are celebrated in US culture too, and could confidently supply years and years of examples.
Successful lying and successful stealing are celebrated by promotion, compensation, and election.
Whether its lying thru omission or intentional obfuscation in order to get an agreement, or telling someone lies to get them to do what you need while valuing the short term over the long term, or taking information created by someone else and passing it off as your own or using it instead of doing your own work - successful lying and successful cheating are absolutely celebrated in the US.
They are valued characteristics because we have, in general, allowed results to overshadow ethics.




You are talking about IP and I am just talking about perspective and ethics.
 

onewoof

Well-known member
Mar 4, 2008
10,914
7,467
113
There are Americans that want America to collapse and fail. They lost the election and are still bitter. It's funny to me
 
  • Like
Reactions: Mts68 and Maroon13

coach66

Active member
Mar 5, 2009
12,627
204
63
Certainly a bad bay for my Broadcom investment but I think it’s too early to say whether this Chinese announcement is a game changer. With that said the AI opportunity over the next decade or so his huge and innovation will adjust who the winners and losers are going to be. It’s been my experience it IT that compute power is in the early stages as it pertains to AI and models will become more efficient but their goals will expand and the need for compute power will continue to grow.
 

johnson86-1

Well-known member
Aug 22, 2012
12,702
3,002
113
They don't have any concept of ownership or proprietary rights regarding IP or design.
Are you saying that they literally don’t? That wouldn’t be shocking to me. The practical benefits of granting property rights in IP makes doing so, but I would also be surprised if there weren’t cultures who thought the idea of owning ideas is somewhat ridiculous and would have no moral qualms about stealing IP or violating patents.
 

mstateglfr

Well-known member
Feb 24, 2008
13,966
3,846
113
There are Americans that want America to collapse and fail. They lost the election and are still bitter. It's funny to me
Did you type this out 4 years ago and forget to hit 'post reply' until just now?
 

HRMSU

Well-known member
Apr 26, 2022
1,013
848
113
My initial comment on this topic was in response to the observation that lying and stealing are seen as virtues in China.

I think both of those thing are celebrated in US culture too, and could confidently supply years and years of examples.
Successful lying and successful stealing are celebrated by promotion, compensation, and election.
Whether its lying thru omission or intentional obfuscation in order to get an agreement, or telling someone lies to get them to do what you need while valuing the short term over the long term, or taking information created by someone else and passing it off as your own or using it instead of doing your own work - successful lying and successful cheating are absolutely celebrated in the US.
They are valued characteristics because we have, in general, allowed results to overshadow ethics.




You are talking about IP and I am just talking about perspective and ethics.
Wow, that's a dark perspective of American business culture. I just don't see anything close to that. Maybe I've just been lucky to not experience that in my career or maybe it's the hundreds of hours of ethics and see something say something training that companies I've worked for required of all employees to take. Perhaps it's the mostly positive experiences I've had with customers, executive leaders, employees, HR, legal and compliance so I could be biased......hey maybe it's just my lived truth***

Have I sporadically seen what you are referring to....yes....but again it's nowhere close to being the norm. The cultural norm is really what we are talking about here. If you think American business norms are equivalent to China's, well, I can respect your opinion but based on my 30+ years in multiple multinational companies I'm just going to have to strongly disagree....and hey that's ok.
 
  • Like
Reactions: sandwolf.sixpack

HRMSU

Well-known member
Apr 26, 2022
1,013
848
113
Are you saying that they literally don’t? That wouldn’t be shocking to me. The practical benefits of granting property rights in IP makes doing so, but I would also be surprised if there weren’t cultures who thought the idea of owning ideas is somewhat ridiculous and would have no moral qualms about stealing IP or violating patents.
Cultural norms are different in many countries and yes stealing IP or violating patents is a CCP state driven cultural norm mainly born out of necessity.
 

Xenomorph

Well-known member
Feb 15, 2007
13,882
5,091
113
Are you saying that they literally don’t? That wouldn’t be shocking to me. The practical benefits of granting property rights in IP makes doing so, but I would also be surprised if there weren’t cultures who thought the idea of owning ideas is somewhat ridiculous and would have no moral qualms about stealing IP or violating patents.
I have some family involved in manufacturing.. when the Chinese see a new product on the market they simply acquire one and figure out how to make it. There is never any thought such as… “hey, this IP belongs to someone else.”
 

mstateglfr

Well-known member
Feb 24, 2008
13,966
3,846
113
Have I sporadically seen what you are referring to....yes....but again it's nowhere close to being the norm. The cultural norm is really what we are talking about here. If you think American business norms are equivalent to China's, well, I can respect your opinion but based on my 30+ years in multiple multinational companies I'm just going to have to strongly disagree....and hey that's ok.
I do not think the US norms are equal China's norms.
I just read the initial comment and chuckled because it easily described US business too.

Again, I do not view them equally, despite both doing the bad things.
And I don't view them equally because the bad things are often done in different ways.
- China has years of manufacturing examples of violating IP. And when there is no IP to violate, product is often just copied, which add ls to the stereotype since many observers don't know if an original is or isnt protected when they see a copy.
- US has years of business examples where lies and stealing information result in small and large wins. These wins are celebrated and rewarded with money and/or power.




One is manufacturing based and the other is paperwork based.
 

birdawg

Member
Aug 13, 2009
933
88
28
This seems like an obvious troll by China. How to slow down our dominance? Say exactly what they said. I'm almost willing to bet they would employ 20K people to manually respond to their AI engine
I think so too. Even if they're being truthful, their claim is they found a faster way to process the model by having multiple models instead of 1 huge one. I think the stock market is overreacting. This just means generative AI would be less expensive to operate for everyone. But I still think it's a troll job.
 
  • Like
Reactions: HRMSU

HRMSU

Well-known member
Apr 26, 2022
1,013
848
113
I think so too. Even if they're being truthful, their claim is they found a faster way to process the model by having multiple models instead of 1 huge one. I think the stock market is overreacting. This just means generative AI would be less expensive to operate for everyone. But I still think it's a troll job.
There is nothing in their history post CCP that supports them being able to pull this off. I could be wrong but I'm calling BS.
 
  • Like
Reactions: birdawg

aTotal360

Well-known member
Nov 12, 2009
19,631
9,289
113
- China has years of manufacturing examples of violating IP.
Correct. I worked for a company whose biggest revenue source was an IP. This IP was then licensed out to other companies. They in turn would manufacture products with our IP used within the product. The kicker was most of our partners' goods were produced in China. We had lawyers on call to help us wrangle all the infringements. It was a 24/7, 365 job.

They have ZERO shame in doing it. I heard stories of certain plants producing counterfeits in the SAME plant where the authentic products were being made. Literally one production line over. The manufacturers don't ask questions. They just cash checks.
 

BoDawg.sixpack

Well-known member
Feb 5, 2010
4,510
1,635
113
Don't buy companies that have a 3 plus trillion dollar market cap and a forward PE over 40. You're asking for a haircut when you do that I don't care how brilliant their technology seems.
 
  • Like
Reactions: patdog

HRMSU

Well-known member
Apr 26, 2022
1,013
848
113
I think we basically replaced “they’ll never be able to innovate like us” with “they steal from us”.

For the record, I don’t doubt that they do target our companies, but they also do really well with data collection. There was real innovation in TikTok’s algorithm. If anything our Instagram Reels moved towards TikTok. They picked up on that trend because they have more people and can watch them closer. They can data-mine their own population better than we can.
Their entire existence depends on keeping the 90% of their population at bay. They fear their own population more than they fear us.
 

WilCoDawg

Well-known member
Sep 6, 2012
4,994
3,263
113
I have some family involved in manufacturing.. when the Chinese see a new product on the market they simply acquire one and figure out how to make it. There is never any thought such as… “hey, this IP belongs to someone else.”
Just peruse eBay and you’ll see evidence of this. What’s worse is that eBay AND Amazon couldn’t care less. They love that money too much.
 
Status
Not open for further replies.
Get unlimited access today.

Pick the right plan for you.

Already a member? Login