AI Coins Crash Big As Chinese AI Startup DeepSeek Storms Market

Quick Summary:

AI Coins took a severe beating in the early trading hours of the Asia market on Monday, as China’s AI startup DeepSeek stormed the market by building AI models that cost just a fraction of what the Silicon Valley behemoths are spending.

Notably, this correction comes as part of the broader crypto market crash as the Bitcoin price drops all the way to the crucial support of $100K levels.

On the other hand, the Chinese AI startup has turned heads by achieving comparable or superior performance to GPT-4 and Claude for a fraction of the cost i.e.just $6 million.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaChina

Topics: AI Coins 24/7 Cryptocurrency News OpenAI Bitcoin (BTC) Price Nasdaq 100

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 07:33:16 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 733 words

Reading Time: 5 minutes read

Sentences: 45 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25492296

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