So, kind of interesting, Deepseek spawned off of a Chinese hedge fund named High-Flyer. As I understand it, they originally acquired their H800 array for crypto mining and decided to do this as a side project.

My theory is that they knew how its introduction and later releases would affect these US AI companies, so the hedge fund engineered all of this to buy the dip.

Surprised the board has this guy as CEO still. I’m sure he had a sweet contract coming in after all the moonshot fun. But oof did he whiff it. The funniest thing he did, when all the wsb guys were waiting for the big squeeze to fuck the shorts, he goes and issues more shares haha