Part 4/9:
One significant disruptor was Deep Seek, a Chinese AI chatbot that demonstrated capability on a much tighter budget than competitors like OpenAI. This revelation sent ripples through the market, affecting not only crypto prices but also stock values of tech companies, particularly Nvidia, which had been a stalwart in producing high-performing GPUs for AI.
Compounding these issues is the inherent volatility associated with AI projects, which some liken to the speculative nature of meme coins. Critics argue that many of these AI ventures are simply repackaged versions of existing tech lacking substantial innovation or application.