Here is the English translation of the text, with the specified terms retained and not translated: China has long been in the world's mind as a technological powerhouse, with exceptional capabilities in "copying" and optimizing costs for existing technologies. And DeepSeek, one of the rising AIs, has already shaken the position of ChatGPT. What is DeepSeek? Let's explore DeepSeek through the article below. What is DeepSeek? DeepSeek is a technology startup originating from China, founded in 2023 by entrepreneur Liang Wenfeng. In December 2024, the company released an open-source AI model that users can download and use. This has almost immediately threatened the position of leading AI chatbots, at least on the App Store rankings, where the top spots were previously occupied by Gemini or ChatGPT. Capabilities of DeepSeek To better understand the capabilities of DeepSeek, we need to delve into the operation of traditional AI models. When a user performs a task, traditional AI models will access data from all the parameters they have. In contrast, with DeepSeek, only the relevant parameters are accessed when a specific task needs to be performed. This has created a major turning point that will completely change the way AI is operated and used from now on. Firstly, as we all know, training AI models is extremely expensive, with OpenAI spending over $100 million just on computation. This also means that it requires a truly large data center with thousands of GPUs running continuously to perform all tasks, from simple to complex. When DeepSeek emerged and performed tasks with similar performance but at a cost of only $5 million, it truly shocked the market. DeepSeek achieved this by writing numbers with only 8 decimal places instead of 32 decimal places like other AI models. This has reduced the storage burden by up to 75%. Furthermore, DeepSeek has applied a multi-token system, making the reading of a long text twice as fast and 90% more accurate than other AI models. But what truly sets DeepSeek apart is its Expert System. Instead of an AI trying to understand and explain all the information and questions, DeepSeek will only use experts specialized in a specific field to answer the user's questions. The results of this have reflected on the input costs of AIs. Impact of DeepSeek on the Financial Market Stock Market With its exceptional features, DeepSeek not only changes the AI game but also shakes the financial market, particularly the technology stocks of industry leaders. Specifically, as of January 27, 2025, technology company stocks have started the new trading week with a staggering decline, with some examples being: Microsoft (down 3.7%), Tesla (down 1.3%), Nvidia (down 15%), and Broadcom (down 16%). This has also significantly reduced the assets of tech billionaires, such as Nvidia CEO Jensen Huang (down $20.8 billion) and Larry Ellison (down $27.6 billion). Cryptocurrency Market The launch of DeepSeek has not only impacted the traditional financial market but also caused significant turbulence in the cryptocurrency market, especially the AI-related tokens. Specifically, projects that previously brought AI-related features to the market, such as Virtuals Protocol, ai16z, and Griffain, have all recorded declines of at least 20%. However, on the flip side, projects that have already collaborated with DeepSeek, such as TAO, have recorded remarkable increases. This indicates the market's confidence in the future rise of DeepSeek.

$TAO - @deepseek_ai has now been integrated within Bittensor.

As @BarrySilbert's quoted; "Bittensor $TAO is going to eat the AI world". pic.twitter.com/jM4GrPoB5c

— Tseu Tseu - τao (@tseutseutao) January 27, 2025

In addition, with the heat of DeepSeek, a series of memecoins inspired by this AI model have also appeared on the market. However, the project has also confirmed that at present, they have not listed any official Token. People should be cautious about trading memecoins created based on the name DeepSeek.

DeepSeek has not issued any cryptocurrency. Currently, there is only one official account on the Twitter platform. We will not contact anyone through other accounts.Please stay vigilant and guard against potential scams.

— DeepSeek (@deepseek_ai) January 10, 2025

Summary

The above is all the information related to DeepSeek and what it is bringing to the market. Through the article, Coin68 hopes to provide users with the most comprehensive overview of DeepSeek and its potential for future development.

Note: The information in the article should not be considered investment advice, Coin68 is not responsible for any of your decisions.