#DeepSeekImpact

DeepSeek is a new player in the AI game, hailing from China. They have just announced their AI model DeepSeek-R1, claimed to be as powerful as other well-known AI systems (like ChatGPT) but much cheaper to operate! 💡💰 This has caused concern among tech giants, leading to a major sell-off in tech stocks 📉 – and yes, the spillover effect has also impacted the cryptocurrency market.