$ETH They've really stretched the news. As it's being loudly discussed, there's a Chinese black swan called Deepseek.
In short: an unknown Chinese company with 200 employees has created an AI that outperforms ChatGPT. And they did it without access to Nvidia's latest chips, with open-source code, and on a $6 million budget. For comparison, OpenAI's budget is measured in hundreds of billions.
Investors fear that shares of American tech giants (NVIDIA, AMD, MSFT, etc.) might react extremely negatively to this story, dragging down the indices—and with them, crypto.
