InnovAlain
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WHAT IS DEEPSEEK? & Why It Affected The Crypto Market? 👇
DeepSeek is a low-cost artificial intelligence chatbot that has been developed by a Chinese company. In few weeks it became the most downloaded free app in the US, surpassing competitors like ChatGPT. But how could such little chatbot cause so much chaos today? Because it has been developed for just $6 million, way far less than the billions spent by the US tech giants. And yes, its performance rivals top models, showing that high-quality AI can be created with little budget. This situation didn't just affected companies like Nvidia and Microsoft but also the crypto market. Why?
Mainly because both AI and crypto mining rely heavily on GPUs. DeepSeek’s ability to deliver high performance with cheaper hardware, basically raised concerns about GPU demand and thus the profitability of manufacturers like Nvidia. As we know, crypto mining requires GPUs to solve complex mathematical problems, if AI developers shift to cheaper chips, GPU manufacturers could lose significant revenue, indirectly reducing the availability of GPUs for crypto miners.
Buy The Dip Or Wait? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#MarketDownturn #GPU #BearishAlert
DeepSeek is a low-cost artificial intelligence chatbot that has been developed by a Chinese company. In few weeks it became the most downloaded free app in the US, surpassing competitors like ChatGPT. But how could such little chatbot cause so much chaos today? Because it has been developed for just $6 million, way far less than the billions spent by the US tech giants. And yes, its performance rivals top models, showing that high-quality AI can be created with little budget. This situation didn't just affected companies like Nvidia and Microsoft but also the crypto market. Why?
Mainly because both AI and crypto mining rely heavily on GPUs. DeepSeek’s ability to deliver high performance with cheaper hardware, basically raised concerns about GPU demand and thus the profitability of manufacturers like Nvidia. As we know, crypto mining requires GPUs to solve complex mathematical problems, if AI developers shift to cheaper chips, GPU manufacturers could lose significant revenue, indirectly reducing the availability of GPUs for crypto miners.
Buy The Dip Or Wait? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#MarketDownturn #GPU #BearishAlert
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