<ul><li>Sam Altman praises the Chinese AI chatbot, DeepSeek, for its impressive capabilities and affordability.</li><li>The development of DeepSeek has surprised investors, highlighting the unpredictable nature of technology revolutions.</li><li>There are concerns about market concentration and the belief in first-mover advantage, drawing comparisons to the dotcom bubble of the late 1990s.</li><li>The availability of impressive and affordable Chinese AI versions could lead to increased competition, potentially lowering returns for AI companies.</li></ul>

The stock market is always terrible at valuing technology revolutions

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