DeepSeek Launches V3, Causing Major Losses for AI Stocks
The launch of DeepSeek V3 has negatively impacted US stock and crypto markets, as it is perceived to outperform American AI models. Key points include:
- DeepSeek is more resource-efficient than models like ChatGPT 4o, Claude, and Llama.
- It achieved superior performance with a development cost of $5.5M, compared to the $18B raised by OpenAI.
- Nvidia’s shares dropped 17%, resulting in a $593B loss in market capitalization, the highest for a Wall Street company.
- AI tokens fell; the AI category on Coingecko dropped 6%, AI agent coins lost 11%, and launchpads decreased by 24.6%.
DeepSeek's model may disrupt established players, leading to investor caution regarding tech stocks and AI cryptocurrencies.
The MIND of Pepe ($MIND) token emerges as a streamlined AI project aimed at assisting investors amidst information overload, although its investment potential remains to be evaluated.