The price of Bitcoin dipped below $98,000 after DeepSeek, a Chinese AI startup, threw a wrench into Big Tech's week of key earnings.
Much of the concern draws from a possible overvaluation in U.S. tech companies as DeepSeek’s latest AI model is significantly cheaper to produce and was built using open-source technology that is easy to access.
Bittensor (TAO) price peaked $484 at for Wednesday, defying crypto market volatility with a 37% increase over the last seven days. On-chain data suggests discussions around China’s Deepseek and OpenAI may have driven TAO’s strong performance.
Bitcoin added 4% in the past 24 hours to trade around $103,000 in European morning hours, alleviating some of Monday’s losses.
Bitcoin fell 7% on Monday alongside a general slide among tech stocks including Nvidia, as China’s new artificial intelligence model sent shock waves through Silicon Valley.
World Network (WLD) was one of the cryptocurrency market's biggest gainers on Wednesday amid the hype surrounding OpenAI's ambitious $500 billion Project Stargate. What happened: WLD, the native currency of the decentralized identity verification project,
President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.
DeepSeek's development cost was reportedly under $6 million, raising concerns about the competitive edge of US tech firms and future capex on AI LLMs. WGMI has significant exposure to Bitcoin mining companies that are either already growing or planning to grow revenue from AI/HPC services.
OpenAI says Chinese startups, such as DeepSeek, are "constantly" cribbing the tech of leading AI companies in the US to develop their own models. OpenAI's IP theft concerns come as the company deals with a raft of lawsuits accusing it of violating copyright protections.
Nasdaq tumbles as Nvidia leads tech selloff. DeepSeek’s low-cost AI shakes US dominance, impacting Bitcoin, cryptos, and chip stocks. Click for analysis.
OpenAI is in early talks to raise up to $40B in a funding round that would value the ChatGPT maker at $340B, The Wall Street Journal’s Berber
US stocks rose on Thursday, with the Nasdaq (^IXIC) and S&P 500 (^GSPC) eyeing a comeback as investors digested news that the US economy expanded slower than economists had expected in the last three months of the year.