TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2025-04-05 Page is: DBtxt003.php txt00028068

THE SOCIO-ENVIRO-ECONOMIC SYSTEM (SEES)
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TrueValueMetrics (TVM)
Thoughts on how accountancy and economics
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SECTION 8
DEEP SEEK. THE CHINESE PHENOMENON
Version 1 ... February 2025

which is exactly what happened to me I expected it I got it that's all gone now
that's all gone China is opening a new University once a
month wow that's a big Stark difference yeah a very Stark difference and you
want to know I don't know if you know the Deep seek story that's a little entrepreneur could you tell it yeah for

59:51

Deep Seek, The Chinese Phenomenon

sure deep seek has come up with a better way of moving the artificial
intelligence Revolution forward and it exploded into the public awareness in

1:00:06
the middle of January or the second half of January of this year
2025 and the Breakthrough came in in a small
company owned and started by an entrepreneur who's the CEO of the little
company called deep seek with the S capitalized so it's the word deep and
then Capital seek um and he explains that he
hired new graduates of some of the new technical universities in
China he doesn't say but clearly the message is they're fresh they're new and they're
cheap because one of the things that he came up with was a compe
product basically think of it as a search engine for how to go through vast amounts of data super

1:01:05
quick to come up with what AI can do which is a paragraph or a paper or an analysis
it's crude but it it does a lot of the preliminary research that anybody has to
do in any field it's being used now for example to do diagnosis you feed into
this machine the 27 characteristics of a patient who comes with a pain or
something and you get better diagnosis because basically you can mine the
history of that of those symptoms and see when they all occur together what
the three most likely diseases and that just saves an enormous is very helpful
and they have comparable applications in many other fields are use it myself I've
begun to use it recently oh W yeah you can you can have an idea of a

1:02:02
relationship in economics between I know an interest rate and exports and you say
what is the relationship between and the Machine gives you an answer now there are holes in it there are mistakes in it
but it gives you a very nice place to start then you fix the holes and you
correct the errors it's as if you had a gra a very good graduate student and said go get me
everything on this which is what I mean I've been in that position I told the grad go get me this right and you very
quickly discover who's the better graduate student who isn't because one of them comes back in two days with a
wonderful and the other one comes back in two days and says how do I do this anyway
um so it's a small company and for a tiny fraction I
believe five or six million dollars they have done something that is the equivalent of what costs billions in

1:03:03
Silicon Valley and you know it the stock market
the biggest company in the United States and the stock market recently was a company called Nvidia you may have heard
of it it lost 600 billion let me do it again $600 billion dollar of value oh
gosh in one day wow when this was publicized it turned out the public the
publicity was that over the last weekend it really was this last
weekend more people downloaded that program which by the way is available for free from this little
company than anything else on the whole Apple system Apple app they bought it
from the App Store you know so everyone in America I now know 20 people that are
using that's fast all these things go they're not using the ones from California they're using that one cuz

1:04:01
for them I mean California is still producing these things and there will be
comp it's not over there the one in China has flaws also it's not that it's
just another sign if you needed it where the competition is coming and since
that's the remaining Dynamic industry of the United States to see it there wow
now you know before and I will be using that example now to make my arguments
before and I believe the last time you and I spoke the example was electric
vehicles you know that was where the Chinese but that's an old industry the automobile industry AI is the newest of
the new explosive Industries and the Chinese are right there neck and neck
doing it I mean it's just and then when you hear he's taking advantage of all the universities opening up I think the

1:05:00
American economy is in terrible difficulty and that the and that the
crisis of our time which includes Mr Trump is that the response is
denial self delusional denial which is not surprising I I have a certain
compassion for it it's hard to be alive at a time when your
Empire is dying is hard if your economic system is full of problems really is that conversation

The Astonishing Story of How China Came to Dominate Elon Musk Over Electric Cars

1:05:32
we had about the electric vehicles was a couple of episodes ago and we're we're reaching a lot of new listeners now and
on top of that I found that whole story incredibly fascinating because we think
of the automobile as an American invention if there ever was one and we
think of ourselves as being on The Cutting Edge of their development even now with electric vehicles in Tesla so
for those of our listeners who aren't familiar with this story just are we not dominating electric vehicles anymore