The domestic large-scale model DeepSeek brought a major earthquake, crypto assets plummeted, and the market value of MEME coin seek exceeded 27 million
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Followin' news, it is reported that DeepSeek is causing a transformative hurricane globally. Its application is leading ChatGPT on the free download rankings of the App Store in China and the US, ranking first.
@hellosuoha posted that the US stock market has already felt the fear of DeepSeek, with the futures index down 1% at the open.
US stocks, led by Nvidia, plummeted 4.88% in the overnight session. Tech stocks related to AI are all declining. BTC and crypto assets are also falling, with BTC dropping below 102000. The AI Agent is plummeting. #Griffain is down 26%. #ai16z is down 13%. #ARC is down 32%. #Aixbt is down 13%.
Why is this happening? One view is that DeepSeek's breakthrough technology has disrupted traditional perceptions in multiple AI fields, including the belief that China will only develop closed-source technology, that Silicon Valley is the center of AI development with a huge first-mover advantage, that OpenAI's moat cannot be shaken, that developing top models requires hundreds of billions of dollars, and the "fat model" hypothesis (value will be concentrated in the model itself). The industry landscape is being reshaped.
DeepSeek's disruption of AI technology has reduced the cost of AI training. It can be said to have directly impacted the AI forces driving the recent US stock market rally.
AngryX @angrybotX data shows that DeepSeek has many MEME, among which #Seek has performed well, with a current market cap of over 27M, a trading volume of 54M, and 7790 holding addresses. The 24-hour increase is 17643%. Attention! This MEME coin is not officially issued.
Currently, the market is waiting for the US stock market to open today.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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