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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 👇
In a recent interview, an expensive consultant… those that charge you for their offices in the middle of Manhattan and all the MBA fees of the Ivy League graduates, responded the following on TV to this question: “Are there some main causes behind startup failure?” The answer was: “Yes. There are.” Which ones? No market need – 42% Ran out of cash – 29% Not the right team – 23% Got outcompeted – 19% Pricing/cost issues – 18% Poor product – 17% Flawed or missing business model – 17% Poor...
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