The crypto market is bracing for impact as U.S. stock markets prepare to open (14:30 UTC), with tech stocks already dropping 3-10% in premarket trading (NVIDIA -10%). But what’s causing the panic?
A Chinese startup, #DeepSeek , shook the industry by using idle GPUs to train a powerful open-source AI model. The kicker? It costs just $2.19 per million tokens vs. #OpenAI ’s $60 and runs autonomously on smartphones (iPhone 16/Android). 🤔
Why it matters:
▪️A major threat to NVIDIA’s business and AI-focused venture capital.
▪️Big Tech (MAG7) could lose investor confidence if AI investments don’t pay off.
This raises questions about the #AI bubble and its sustainability. With market tensions high, crypto could face further drops once U.S. trading starts. Stay sharp! ⚠️