Since DeepSeek, a new Chinese AI protocol, was publicly launched last Friday, crypto mining stocks have experienced a notable slump.https://beincrypto.com/deepseek-affects-crypto-miner-stocks-and-nvidia/
Essentially, DeepSeek was created as a hedge fund’s side project, with dramatically reduced access to hardware. Its success, regardless, has pierced the logic of pre-existing AI research.
DeepSeek, the new AI protocol from a Chinese hedge fund, is wreaking absolute havoc on Nvidia and other leading mining stocks. Nvidia hit record-high revenues last November and predicted earlier this month that AI agents would become a multi-trillion-dollar industry.
Nonetheless, Deepseek’s arrival has caused a dramatic crash in the broader AI market.
The Deepseek arrival didn’t just hurt Nvidia; it also caused major declines in mining stocks like Marathon and RIOT. These businesses require heavy use of Nvidia hardware.
Yes, if American companies do not review their accounts and re-offer their services for free or almost free, they will not be able to compete with this new Chinese entrant.
they say they only spend less than $5M in developing this DeepSeek that disrupts the whole AI market. bummer as it is, they say its opensource and can bring more AI to the market.
it offers free services while US tech companies aren't providing services for free. that's really something that could kill their business. much like the android that comes out the market when Microsoft was dominating. it could accelerate the industry;s progress.
The impact of this is clear on technology stocks in the American market. Trump even asked AI companies to reconsider their way of working in line with new developments.DeepSeek is definitely better than GPT as it is cost-effective and 10x faster and more responsive than GPT. AFAIK if it remained that way for a longer period, then people would almost forget GPT, and they would start using Deepseek projects. I also heard the news that recently, deepseek had a cyber attack, due to which we are unable to create an account on it at the moment I just tried, and it failed manually and with Google.
DeepSeek is definitely better than GPT as it is cost-effective and 10x faster and more responsive than GPT. AFAIK if it remained that way for a longer period, then people would almost forget GPT, and they would start using Deepseek projects.I heard a joke yesterday about this, that GPT is the first AI to lose its job due to AI (i.e. DeepSeek)!!! Actually it's a very painful joke for GPT. ;)
I haven't followed the DeepSeek controversy but we can understand its negative impact on Nvidia stocks or indirectly on the US stock market considering that Nvidia has a high market cap but there is no direct link between it and Bitcoin mining.I think this is why:
The arrival of Deepseek not only hurt Nvidia; it also caused huge declines in mining stocks like Marathon and RIOT. These companies require heavy use of Nvidia hardware.As is clear from the quote because mining companies use Nvidia chips heavily and therefore were affected the same as Nvidia.
...they say they only spend less than $5M in developing this DeepSeek that disrupts the whole AI market. bummer as it is, they say its opensource and can bring more AI to the market.
I heard a joke yesterday about this, that GPT is the first AI to lose its job due to AI (i.e. DeepSeek)!!! Actually it's a very painful joke for GPT. ;)Haha I also heard this on instagram that deepseek an Ai made another AI lose job haha, well, one thing is for sure with proper marketining anything can be showed as a bubble and market manipulation is also real although how strong a project be, for example as of speaking now deepseek have around 12M to 15M monthly visitors.
While ChatGPt has 4 Billion monthly visitors, to compete with GPT, Deepseek needs a lot of time and real marketing, and I am pretty sure sooner or later, they will be tagged as someone stealing data using this AI, but they made a smart move by making it open source.I expect this will change quickly with an open source application where millions of developers around the world can participate in its development, in addition to its great cheapness and operational capabilities compared to GPT, I expect that GPT could literally lose its job and people will forget about it unless developers can keep it competitive with greater and cheaper features.
haha that is quite ironic but let us see because chat gpt seems to have cemented itself in the society and a lot of people are familiar with chatgpt but not yet with deepseek so it might take a while for completely (if ever) for chat gpt to lose its job technicallyDeepSeek is definitely better than GPT as it is cost-effective and 10x faster and more responsive than GPT. AFAIK if it remained that way for a longer period, then people would almost forget GPT, and they would start using Deepseek projects.I heard a joke yesterday about this, that GPT is the first AI to lose its job due to AI (i.e. DeepSeek)!!! Actually it's a very painful joke for GPT. ;)
Well, this is just another affirmation that anything "Made in China" can indeed be so cheap and that is why they can easily compete in the global market and this time around DeepSeek will be disrupting heavily the Ai and related markets for good. As far as USA can be concerned, this is a BIG challenge for its many players to comechina has always been good with product distribution but i wonder how much will this new tech help them and their economy? i would not be surprised if trump did not approve of deepseek and get it banned in the us just to eliminate the threat in their country
I haven't followed the DeepSeek controversy but we can understand its negative impact on Nvidia stocks or indirectly on the US stock market considering that Nvidia has a high market cap but there is no direct link between it and Bitcoin mining.
china has always been good with product distribution but i wonder how much will this new tech help them and their economy? i would not be surprised if trump did not approve of deepseek and get it banned in the us just to eliminate the threat in their countryThis would not be a smart decision from Trump, banning DeepSeek in the US would not solve the problem and would damage the US reputation as oppressive and unable to compete with cheap Chinese technology.
haha that is quite ironic but let us see because chat gpt seems to have cemented itself in the society and a lot of people are familiar with chatgpt but not yet with deepseek so it might take a while for completely (if ever) for chat gpt to lose its job technically.New products take time as currently we can't really use Deepseek quickly I registered a few days ago, but I was able to use Deepseek now, which means they were having this much delay, which is bad for their traffic and puts a bad impression on their users.
New products take time as currently we can't really use Deepseek quickly I registered a few days ago, but I was able to use Deepseek now, which means they were having this much delay, which is bad for their traffic and puts a bad impression on their users.I downloaded the Deep Seek app but I couldn't register, I tried two days ago to log in with a new email account but it gives me an error message, I don't know if it's because of the congestion or if they are blocking some countries for example.
They should work on this, and they should do some advertising as well, the users of gpt are huge they are in billions, but the users for deep Seek are not in the billions yet with time and improvement, their users will be more, and deep seek is not actually free it's API are also paid. People won't use it because it is not responding well at the moment.
The Chinese DeepSeek will confuse American technology companies for some time and will force them to accelerate the development of their programs and present them early to win the competition.
The impact of this is clear on technology stocks in the American market. Trump even asked AI companies to reconsider their way of working in line with new developments.
This image shows why Deepseek created a big buzz and a disruption in the AI industry. Just take a look at the discrepancy; Trump is right. US-based AI companies should rethink and reshape their AI version because if they cannot, Deepseek will remain the only one beating all the competition.Thank you for sharing the valuable image, yes it seems clear that there are big differences between the two AIs.
I downloaded the Deep Seek app but I couldn't register, I tried two days ago to log in with a new email account but it gives me an error message, I don't know if it's because of the congestion or if they are blocking some countries for example.This is due to the congestion, as if you will try to register on their web app you will see they are having some malicious type attcks maybe cyber attack due to their existence not liked by many hehe. Well whatever I also tried to register few days ago but I was able to log in to my account on deepseek yesterday. So you also have to wait for few days to get registered.
I haven't tried it yet so I can't judge the app well, I will keep trying maybe I will succeed in the coming days.
There are clear differences in which Deepseek outperforms its counterpart GTP, I am surprised that GTP was created about 8 years before Deepseek with about 1000 employees and yet Deepseek outperformed it in a short period with lower costs and even fewer employees. What were they doing all this time?
Yes, American companies should seriously reevaluate the situation or they will lose the market forever.
I don't know how GPT can catch up; they just been shut out by a very small company with only fewer than 200 workers against their thousands. They will incur a lot of losses because, with a very cheap cost, companies and individuals will prefer to use Deepseek.This can be done through the movement of some senators who are now preparing a bill to ban and punish DeepSeek users inside the United States with a fine of up to $1 million and about 20 years in prison under the pretext of protecting American national security because DeepSeek steals sensitive information and provides it to the Chinese Communist Party, as they say:
Its now the most downloadable AI and it will continue to be so unless they match DeepSeek cost.
US Senator Josh Hawley has introduced a bill to ban the import and export of artificial intelligence (AI) products between the US and China. If passed, the law would impose severe penalties, including up to 20 years in prison, a $1 million fine, or both, for individuals who knowingly download Chinese-developed AI models like DeepSeek. The bill proposed by Hawley, named Decoupling America’s Artificial Intelligence Capabilities from China Act, will completely cut off US-China cooperation on AI. This bill if passed would prohibit the import and export of AI technology from China, restrict American companies from conducting research there, and ban US investments in Chinese AI tech firms. This comes after Chinese startup DeepSeek disrupted the AI market and US tech giant Microsoft also announced a partnership with the company.Read more at:
I haven't followed the DeepSeek controversy but we can understand its negative impact on Nvidia stocks or indirectly on the US stock market considering that Nvidia has a high market cap but there is no direct link between it and Bitcoin mining.DeepSeek has a direct impact on the AI industry, meaning that the demand for AI training could decrease significantly if DeepSeek methods are adopted. This would lead to a decline in revenue for Bitcoin mining farms, as they also utilize their infrastructure for AI training.