The total market cap of Artificial Intelligence cryptocurrencies has dropped by 10% in the past 24 hours to $37.4 billion. The decline is attributed to the emergence of DeepSeek, a low-cost AI model developed by Chinese quant trading company High-Flyer. DeepSeek's cost-efficiency has raised concerns about the viability of existing AI projects, leading to scrutiny of major players in the sector such as NVIDIA and OpenAI. This disruption has also affected AI-related cryptocurrencies, with four of the top five coins experiencing significant losses. The uncertainty caused by DeepSeek's emergence has resulted in widespread doubts about the long-term success of AI-focused crypto projects.



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