--- title: Local AI Weekly #7: Bubble or Not? | daily.dev description: Chinese AI and chip stocks lost about $480 billion in value, with Reuters calling the AI bubble already burst there. Meanwhile SK Hynix posted record Q3... canonical: https://daily.dev/posts/local-ai-weekly-7-bubble-or-not--nzhscmmb9 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Local AI Weekly #7: Bubble or Not? | daily.dev og:description: Chinese AI and chip stocks lost about $480 billion in value, with Reuters calling the AI bubble already burst there. Meanwhile SK Hynix posted record Q3... og:url: https://daily.dev/posts/local-ai-weekly-7-bubble-or-not--nzhscmmb9 og:image: https://api.daily.dev/og/posts/NZHscMmb9.png og:image:alt: Local AI Weekly #7: Bubble or Not? og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Local AI Weekly #7: Bubble or Not? **[It's Foss](https://daily.dev/sources/itsfoss)** · 5 min read · 0 upvotes · 0 comments ## Summary Chinese AI and chip stocks lost about $480 billion in value, with Reuters calling the AI bubble already burst there. Meanwhile SK Hynix posted record Q3 profits of $29.7 billion, an 80% margin, and its CEO says the memory shortage runs until 2030, with over half of 2027-2028 output already under contract. Amazon has shifted most Nova models to 'keep the lights on' mode. Separately, Gregory Kurtzer built Ginux, a new Rust-based kernel, in 11 days with a Codex agent writing about 139,000 of its lines. Mistral Large 4 is due October 31. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### Why is DDR5 RAM still so expensive and when will prices drop? RAM prices are unlikely to drop soon because SK Hynix expects memory demand to outstrip supply through 2030. The company posted an 80% operating margin in Q3, with 83.3 trillion won profit on 104.6 trillion won revenue, and big contracts already cover more than half of its 2027 and 2028 output, leaving little capacity for consumer RAM. _Anyone budgeting a homelab RAM upgrade can track memory market shifts like these on daily.dev._ ### What is the difference between open weights and open source AI models? Open weights means the trained model file is public and can be downloaded and run on your own hardware, but that does not make it open source. The training data and code usually stay private, and the license determines what you are allowed to do with the weights. Once weights are downloaded, a company cannot retire them from your disk. _Developers choosing a local model can compare licensing terms like these on daily.dev before committing._ ### How do I back up my Ollama models? Run 'ollama list' to see installed models and their IDs, then copy the models folder to a backup drive. The default location is '~/.ollama/models' for a user install, or '/usr/share/ollama/.ollama/models' if Ollama runs as a system service. _Developers managing local AI setups can keep up with practical Ollama tips on daily.dev._ ## Similar posts on daily.dev - [Premium - How The AI Bubble Bursts In 2026](https://daily.dev/posts/premium---how-the-ai-bubble-bursts-in-2026-mpcfimeka) · Where's Your Ed At · 2 upvotes · 0 comments - [The Download: a chip talent battle, and deflating AI hype](https://daily.dev/posts/the-download-a-chip-talent-battle-and-deflating-ai-hype-cildanbd8) · MIT Technology Review · 2 upvotes · 0 comments - [Korea’s AI chip market is now the opening bell for global stocks](https://daily.dev/posts/korea-s-ai-chip-market-is-now-the-opening-bell-for-global-stocks-2drsyuxru) · The Next Web · 0 upvotes · 0 comments --- Tags: [#open-source](https://daily.dev/tags/open-source), [#local-ai](https://daily.dev/tags/local-ai), [#ollama](https://daily.dev/tags/ollama) [View this post on daily.dev](https://daily.dev/posts/local-ai-weekly-7-bubble-or-not--nzhscmmb9) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Local AI Weekly #7: Bubble or Not?","url":"https://daily.dev/posts/local-ai-weekly-7-bubble-or-not--nzhscmmb9","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/local-ai-weekly-7-bubble-or-not--nzhscmmb9"},"datePublished":"2026-10-28T15:11:36.125Z","dateModified":"2026-10-28T18:53:59.296Z","description":"Chinese AI and chip stocks lost about $480 billion in value, with Reuters calling the AI bubble already burst there. 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The company posted an 80% operating margin in Q3, with 83.3 trillion won profit on 104.6 trillion won revenue, and big contracts already cover more than half of its 2027 and 2028 output, leaving little capacity for consumer RAM. Anyone budgeting a homelab RAM upgrade can track memory market shifts like these on daily.dev."}},{"@type":"Question","name":"What is the difference between open weights and open source AI models?","acceptedAnswer":{"@type":"Answer","text":"Open weights means the trained model file is public and can be downloaded and run on your own hardware, but that does not make it open source. The training data and code usually stay private, and the license determines what you are allowed to do with the weights. Once weights are downloaded, a company cannot retire them from your disk. 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