Chinese startup DeepSeek has released a free, open-source AI model that surpasses the performance of OpenAI at a fraction of the cost. This development has caused speculation about the future of the AI industry, leading to a significant drop in Nvidia's stock and AI tokens. Categories related to AI have seen a decline in the crypto market, with four of the five worst-performing categories being AI-related. Despite the negative impact on established AI tokens, industry experts believe that the emergence of DeepSeek and its stronger model is ultimately good for the AI industry. DeepSeek's model is free and open-source, allowing other AI agents to adopt the technology. Additionally, a meme coin called DeepSeek Token (SEEK) has soared to a $55 million market cap, leading to a rise in DeepSeek-related memes and token spin-offs.



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