DeepSeek Launches V3, Causing Major Losses for AI Stocks

1 min

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.

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