There's hype and there's hype. No, DeepSeek-V3 is not better than Sonnet. But it is drastically better than open-weights LLMs we've had before, so it is still a significant increase in "local AI power" - surely you can see why people are excited about that even if SOTA cloud models can still do better? I mean, even if it only just beats the original GPT-4 from two years ago, that still means that things are moving very fast.