Chinese software DeepSeek has caused the price of cryptocurrencies based on artificial intelligence (AI) technology to fall sharply.
According to the CoinGecko platform, the capitalization level of AI-related digital assets has increased over the past 24 hours fell by 5% to $38,4 billion. At the same time, the price of some leading coins decreased by 10% or more. For example, the price of TARS AI (TAI) fell by 11%, and the rate of BasedAI (BASEDAI) fell by 12%.
The bearish trend was triggered by the release of the DeepSeek AI model, developed by the Chinese company High-Flyer for only $6 million. Competitors, which are not inferior to DeepSeek in terms of performance, spent billions of dollars to create similar products. In particular, the OpenAI company spent on the development and training of a chatbot Chat GPT about $7 billion
The company that suffered the most from the DeepSeek release was NVIDIA, a manufacturer of video cards and graphics processors, which are also used to train artificial intelligence. Over the past 24 hours, its securities fell by 17%, and their rate fell to its lowest since October 2024 at $116,9.
NVIDIA Stock Price Crash
Rich Dad’s prophecy didn’t say anything about China screwing us… but what else do you expect from love, money and war? China’s AI leader DEEP F***, or Deep Seek.
In 2005, I lost a gold mine in China, and now my butt is burning from Deep F***. The world is about to turn upside down. A grateful Trump has become president again. He will speed up the changes and make a stir all over the world. Please take care of yourself, — wrote the American businessman Robert Kiyosaki.