DeepSeek AI: The Whimsical Wrecking Ball of the Crypto World! 🎢💥

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Oh, gather ’round, dear readers, for a tale of a cheeky little startup from China called DeepSeek! This mischievous AI whizz-kid decided to throw a grand party in the crypto market, and guess what? It ended up stepping on everyone’s toes! On a rather gloomy Sunday and Monday, the crypto market took a nosedive, plummeting by a staggering 6.49%—that’s a whopping $3.37 trillion in lost dreams! 💸

But wait, there’s more! Not only did the crypto folks feel the pinch, but the AI coins also decided to join the pity party, tumbling down by nearly 10%. It was like watching a bunch of clowns slip on banana peels! 🍌🤡 Even the Nasdaq 100 futures couldn’t escape the chaos, crashing by 330 points faster than you can say “DeepSeek!”

Now, let’s not forget the S&P 500 and Nasdaq, who were also feeling a bit queasy, showing dips of 2% and 3% in their pre-market shenanigans. All this hullabaloo started when DeepSeek, the new kid on the block, snagged the top spot as the free app on the Apple App Store. Users were raving about its user-friendly interface, but little did they know it would send the market into a tizzy! 🎉

Chip Stocks Overnight Reaction to DeepSeek:

1. Arm, $ARM: -5.5%
2. Nvidia, $NVDA: -5.3%
3. Broadcom, $AVGO: -4.9%
4. Super Micro, $SMCI: -4.6%
5. Taiwan Semi, $TSM: -4.5%
6. Micron, $MU: -4.3%
7. Qualcomm, $QCOM: -2.8%
8. AMD, $AMD: -2.5%
9. Intel, $INTC: -2.0%

US markets are…

— The Kobeissi Letter (@KobeissiLetter) January 27, 2025

With major companies’ shares tumbling down like a stack of pancakes, including big names like ARM and Nvidia, the industry was in a tizzy! The fear was palpable—would DeepSeek snatch away the market share from the big boys of AI? Oh, the horror! 😱

DeepSeek AI burst onto the scene like a firecracker, igniting chatter across social media platforms. Everyone from tech whizzes to brokers was clamoring to know more about this new sensation. So, without further ado, let’s dive into the delightful world of DeepSeek and uncover this technological marvel!

What Is DeepSeek AI?

DeepSeek is a sprightly little Chinese AI startup that has captured the hearts (and wallets) of tech enthusiasts and market moguls alike. Founded in the bustling city of Hangzhou, this plucky startup has quickly positioned itself as a contender against the titans like OpenAI and Google. Talk about a meteoric rise! 🚀

With its shiny new language model, DeepSeek-V3, this startup is turning heads with its hyper-efficient design. It’s like the David to the Goliaths of the AI world, ready to shake things up and challenge the status quo!

Major Features of DeepSeek AI

Now, let’s take a peek at what makes DeepSeek tick:

1. Cost Efficiency:

DeepSeek-V3 was whipped up for a mere $6 million—pocket change compared to the millions spent by its U.S. counterparts! It’s like finding a gourmet meal at a fast-food price! 🍔💰

2. Open-Source Model:

Just like a generous host at a party, DeepSeek is an open-source model, allowing users to tinker with its code and make it their own. It’s a DIY dream come true!

3. Outstanding Performance:

DeepSeek has dazzled everyone with its performance on independent benchmark tests, proving it can outshine the big names in problem-solving and coding. It’s like watching a magic show where the rabbit pulls the magician out of the hat! 🎩🐇

DeepSeek has shown remarkable prowess in the AIME, MATH-500

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2025-01-27 16:22