DeepSeek’s new open-source AI model, R1, has caused a major selloff in crypto AI tokens, impacting prices significantly. While traditional tech stocks like Nvidia and Arm have seen declines, AI-related cryptocurrencies have suffered even more. This comes after DeepSeek’s model gained immense popularity, topping the Apple App Store and proving to be more efficient than ...
The crypto Market has faced a rough start to the week, primarily due to concerns surrounding DeepSeek, a Chinese AI firm that launched a competing model to top OpenAI offerings at a lower cost. This has negatively impacted tech and high-growth stocks, which in turn affects cryptocurrencies. Bitcoin has dropped 5% in the past 24 ...
The recent entry of DeepSeek, a cost-effective Chinese AI model, has caused a significant drop in the AI agent Market cap, losing $2.5 billion in just 24 hours. This decline reflects growing concerns about investment efficiency as DeepSeek offers its services at just 14 cents per million tokens, drastically undercutting competitors like OpenAI’s GPT-4, which ...
Chinese AI startup DeepSeek has recently surpassed OpenAI’s ChatGPT as the most downloaded free app in the U.S., triggering a significant sell-off in global tech stocks. Founded in 2023, DeepSeek launched its R1 reasoning model, which has garnered praise for its performance and ability to rival established models while being more affordable to develop. However, ...
DeepSeek, a new Chinese AI startup, has captured attention in Silicon Valley with its impressive AI models that rival top chatbots like OpenAI’s ChatGPT at a much lower cost. Founded in 2023 by Liang Wenfeng, the company focuses on open-source technology, allowing developers to build and enhance their models. DeepSeek’s app quickly soared to the ...
Bitcoin recently experienced a significant drop below $99,000, triggering a deeper decline in other assets, particularly affecting AI-related tokens and the DeFAI sector. Despite a strong performance in 2024, these narratives lost momentum, with DeFAI tokens like AIXBT seeing a staggering 21% drop in value within 24 hours. The overall AI token Market saw a ...
Bitcoin starts the last week of January by dropping below $100,000, reflecting turmoil in the US stock Market amid concerns over an AI competition. This decline, following a nearly 4% fall on January 27, raises alarms for short-term holders who may face unrealized losses at key price levels around $96,000 and $90,000. Analysts predict a ...
The recent decline in the AI Agent sector is attributed to the rise of DeepSeek, a new LLM that some believe could disrupt existing AI agents. While many tokens experienced significant drops, discussions suggest that DeepSeek may reshape the landscape of AI solutions. However, experts argue that the development of new LLMs won’t necessarily replace ...
The recent decline in the AI Agent sector is attributed to the rise of DeepSeek, a new LLM that some believe could disrupt existing AI agents. While many tokens experienced significant drops, discussions suggest that DeepSeek may reshape the landscape of AI solutions. However, experts argue that the development of new LLMs won’t necessarily replace ...
Chinese companies are rapidly advancing in the field of artificial intelligence, with major players like DeepSeek and ByteDance creating models that challenge OpenAI’s ChatGPT. Baidu’s generative AI platform has gained 40 million paying users, a 60% revenue increase year-over-year. Over 10% of businesses in China now use AI, reflecting quick adoption rates. AI agents are ...
