What is DeepSeek: AI and Crypto Market Plunge as Chinese Startup Disrupts Industry
By Michael Mislos and Nath Cajuday A surprise open-source AI model from Chinese firm DeepSeek rattled global tech and crypto markets over the weekend, challenging the long-held belief that advanced AI requires massive funding and cutting-edge hardware. What’s the significance: Three things, namely: DeepSeek said in its whitepaper that it only had a $6M budget