Krutika Adani
Crypto-based and traditional AI projects saw a bitter crash yesterday due to the launch of Deepseek AI, which is equally as powerful as OpenAI’s models but costs less than $10 million to build.
The tech market crash in the US crashed after the launch and instant success of Chinese AI LLM Deepseek
Most of the AI crypto projects were planning big on their own AI agent to boost revenues, but they now remain shattered due to Deepseek’s freemium model.
Deepseek’s AI model could possibly end the dominance of US companies in the global AI landscape, where most of the AI companies and tokens are based.