#DeepSeekImpact DeepSeek R1: The AI Model Disrupting Markets
DeepSeek R1, an open-source AI model by a Chinese startup, has shaken the tech and cryptocurrency markets with its efficiency and affordability. Developed for just $6 million, it outperforms costly models like OpenAI’s ChatGPT, which spent $540 million and incurs daily costs of $700,000.
The model’s release triggered panic in tech stocks, as investors feared its disruptive potential. This sentiment spilled into the crypto market, leading to over $860 million in liquidations, including $794 million in longs, and Bitcoin dropping below $100,000.
DeepSeek’s success lies in its cost-efficient design, open-source availability, and high performance, challenging traditional AI models and reshaping global innovation.
