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Billions of dollars gone!
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Unless you live in a rabbit hole, you know what recently happened with OpenAI. Yes, the company that created the famous, beloved, and vilified ChatGPT. ​ Well… a Chinese company unexpectedly emerged with its own AI, Deepseek, which has shaken up the market and the industry. ​ It offers the equivalent of the most advanced ChatGPT model but it’s free—at least for now. And not only that, Deepseek made its code open-source, making it accessible to anyone who wants to use or improve it. You’ll be able to do much more with less. ​ How do you feel about? ​ Still no bells… ​ Well.. after the announcement, nearly all major tech companies saw their stock prices plummet. Nvidia, for example, the company that manufactures the chips used to build and train AI models, lost nearly $600 billion in market value in a single day. ​ And this is the most important lesson hidden in this situation: Even the biggest, most famous, and wealthiest company can fall overnight. Even if it was the first to market. Not because they’re doing anything wrong. Simply because the moment your offering becomes a standardized product, a commodity within everyone's reach... You’re destined to be overtaken by a competitor sooner or later. There will always be someone who can commoditize your product even further, lower the price (or eliminate it entirely), and offer the same features as you. ​ And this will happen to your company, or to you. ​ Yes, to you. ​ As a worker, as a professional… if you don’t keep evolving, improving, learning and getting far away of being a commodity… sooner or later… you’ll lose. Do you want to know anything different today? Here you are my pick. ​
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Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | C-Suite Executive | Mentor, Coach, Strategic Consultant | Real Estate Investor | 👇JOIN +2k readers 👇
This last week Panama had many holidays. It the Patriots Week or Fiestas de la Patria… let me have some flexibility with the translation. Everything is closed. Everyone is “taken a rest”. But as I often say… growth (in money and personal growth) comes in your free time. While others go to the beach. I optimize my marketing campaigns and answer quickly during the moments that people spend more time on their phones. No judgement here. It’s what it is. We have a few houses to sell there, and...
When you live in the Southern Hemisphere, you lose the touch with the rest of the world. But some marketing emails I have not unsubscribed yet, reminded me this week that winter was coming in the North. Black Friday stuff. Black Friday… In the past, I used Black Friday to buy some Christmas presents… I must admit it. Things have changed. A lot. Just a few news. Not many undesirable emails… I’m just focused on what matters to me. Business (infrastructure & real estate) and family. That’s all....
Most governments say they want world-class infrastructure. But few have the guts to bring in world-class people. But the Ministry of Transport of Quebec did. When they launched the A-30 PPP, they didn’t hide behind local comfort zones. They opened the door. Contractors from Spain. Designers and Independent engineers from the UK… with limited French. The guys that were to remove the snow were not even from Canada… That was not easy in Quebec. Not politically. Not culturally. But it was brave....