Today is a day of a massive crash in the cryptocurrency market! A Chinese AI company has emerged, directly 'crushing' the crypto space! To understand the background, please read on~
It is reported that the Chinese AI company has launched the Deepseek r1 model. This model not only matches the performance of OpenAI's O1 model but even surpasses it in certain tasks. Even more astonishing is that Deepseek's training cost is only a few million dollars, while companies like OpenAI in Europe and the US typically require over a hundred million dollars in investment! Moreover, Deepseek is open-source. This means that any institution, individual, or even competitor can replicate or even optimize this model at a lower cost. This disruptive strategy has suddenly shattered the competitive landscape of the large model market!
This has led to: 1. A significant drop in chip demand, putting pressure on NVIDIA. 2. NVIDIA's decline affecting the US stock market, causing volatility in the US market. 3. Ultimately causing a bloodbath in the cryptocurrency market!
Why do the declines in the AI field and the US stock market affect the crypto space? The reason is quite simple: the two main 'narrative pillars' of the crypto space have collapsed! The stability and strength of the AI narrative and the US stock market have always supported the crypto space; when the city gates catch fire, the fish in the moat are naturally affected.
In summary: A technological breakthrough by a Chinese AI company has brought about a change in the large model market, triggering a chain reaction in the chip market, the US stock market, and even the crypto space. This is both an inevitable result of technological progress and a sensitive reaction of the market to change.
From this event, we can see that while the transmission chain of the market may be complex, the underlying logic is worth pondering: technological progress can be an opportunity, but when it breaks established rules, it often triggers a 'great pain.' In the future, those who can seize new opportunities from this turbulence will be the true winners!
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