🤖 A new AI from China dumps the US stock markets and the crypto market 📉
NASDAQ falls by -4%, $NVDA falling by -20%, $BTC -5%, AI tokens down by -20%, but what do all these have in common?
#DeepSeekR1 seems to be a turning point for AI. The new "Chinese Chat GPT."
The Chinese with 5 million dollars have surprised major American tech companies. Is this their end?
First of all, and as a mere personal reflection... Such a significant advancement in efficiency is a positive point for the AI sector.
Here the problem perhaps is not DeepSeek as such, but the large monopoly of the big tech companies. #NVIDIA , #Microsoft , Meta, Apple, etc. trade as a monopoly because they are, until that ends.
Training advanced AI models costs a fortune.
Companies like #OpenAI or Anthropic invest over 100 million dollars solely in computing power.
But DeepSeek came along and said: "What if we do it for $5M?"
And they succeeded… Their models match or surpass GPT-4 and Claude in many tasks.
It seems to have initiated a "new technology" and innovation war between the USA and #china .
We believe that putting aside all the FUD and panic currently in the Crypto sector with AI-related projects will be a good time to buy those solid projects in the sector.