DeepSeek has produced an open-source AI model that could rival ChatGPT while being significantly cheaper to produce.
The crypto market saw a huge plunge in the early hours of Monday’s trading session, causing declining prices for Bitcoin (BTC), altcoins, and AI coins. The market decline comes after China’s Artificial Intelligence (AI) startup DeepSeek released low-cost AI models, rivaling GPT-4 and Claude.
Much of the concern draws from a possible overvaluation in U.S. tech companies as DeepSeek’s latest AI model is significantly cheaper to produce and was built using open-source technology that is easy to access.
Bitcoin mining stocks have again been on investors' radar, as the industry prepares for a revival following the Bitcoin halving event 2024.
DeFAI and AI agents turned into the biggest losers during the latest market drawdown. The space took a hit as the AI narrative lost speed and whales rolled over into older memes and other assets.
AI agent tokens AI16Z, ARC, GRIFFAIN led crypto market gains, buoyed by reports of a $500 billion private AI infrastructure investment deal orchestrated by Trump. Bitcoin posted 3% gain trading at $106,000 as the broader market awaits Trump's first crypto-specific policies.
Innovative technologies converge to address global energy needs, highlighting the potential of clean power solutions.
Nasdaq tumbles as Nvidia leads tech selloff. DeepSeek’s low-cost AI shakes US dominance, impacting Bitcoin, cryptos, and chip stocks. Click for analysis.
Bitcoin held steady while AI-focused tokens like AI16Z and VIRTUAL dominated gains after a major AI initiative was announced by President Donald Trump.
Following MicroStrategy's 11,000 BTC acquisition for $1.1 billion, bringing its overall holdings to 461,000 BTC, interest has turned to the potential
Data from Cointelegraph Markets Pro and TradingView shows BTC/USD dropping up to 4% on Jan. 27, reflecting tumbling stocks futures. In so doing, Bitcoin gave up the $100,000 mark once more, reaching ten-day lows.
AI-themed agents and memes took a thumping Monday, with stalwarts Virtuals Protocol (VIRTUALS), ai16z (AI16Z) and eliza (ELIZA) sliding as much as 30% as China's DeepSeek led to a reiteration of U.S. AI startup valuations.