Additionally, weakness in artificial intelligence stocks on Dec. 27, triggered by competition from the Chinese AI company DeepSeek, has fueled a sell-off. Although Bitcoin historically shows a low ...
but the bitcoin mining stocks were unable to reverse any of their plunge as Chinese AI startup DeepSeek threw into question ideas that the miners had value as data center plays. The largest ...
(Bloomberg) -- Bitcoin and other cryptocurrencies tumbled ... Concerns that Chinese startup DeepSeek’s AI model will hit tech valuations added to the risk-off mood in crypto on Monday.
Bitcoin (BTC) dropped to under $99,000 early Monday as traders took profits ahead of the first U.S. FOMC meeting this year, scheduled for later this week, and China-based AI stalwart DeepSeek ...
What Happened: DeepSeek’s launch on Jan. 20 rippled through to global markets on Monday, as the Chinese AI system, developed for just $6 million, outperforms OpenAI's vastly more expensive ChatGPT.
Bitcoin on Monday briefly fell below the $100,000 level for the first time in a week, as Chinese startup DeepSeek raised the prospect of cheaper artificial-intelligence models, sparking a tech ...
as investors start to question the supposed lead of the big US AI companies such as ChatGPT. The resulting fallout has knocked Bitcoin (BTC) down under $100,000 on Monday. Emergence of new AI ...