#DeepSeekImpact

DeepSeek, a Chinese AI startup, has significantly disrupted global financial markets with its cost-effective AI models, challenging the dominance of established players like OpenAI and Nvidia. Its rapid adoption, evidenced by topping the US App Store charts over ChatGPT, has led to a sell-off in tech stocks, with Nvidia alone losing nearly $600 billion in market value. This shockwave has extended to the cryptocurrency market, with Bitcoin dropping below $100,000 and causing widespread liquidations. DeepSeek's success raises questions about AI spending and efficiency, prompting a reevaluation of market valuations and strategies across tech and crypto sectors.