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International Business Times
International Business Times
Business
Marvie Basilan

Chinese Low-cost AI Assistant DeepSeek Hits Crypto AI Tokens Hard

DeepSeek Crypto China United States CCP Stock Market
Chinese firm DeepSeek's artificial intelligence chatbot has soared to the top of the Apple US App Store's download charts, stunning industry insiders and analysts with its ability to match its US competitors. (Credit: AFP)

KEY POINTS

  • DeepSeek was launched as a low-cost alternative to ChatGPT
  • $RENDER, AIOZ, $FET, and other crypto-AI tokens were all down Monday after DeepSeek's launch
  • Crypto users are divided over the potential impact of DeepSeek on the broader crypto space

The release of Chinese artificial intelligence assistant DeepSeek last week made ChatGPT look weak, and not only did it raise concerns about China's true technological strength, but it also hit unknowing AI tokens in the cryptocurrency market very hard.

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