Is DeepSeek Good for Cryptos?

DeepSeek and the R1 model it released seem to be shaking up the markets and especially the technology companies involved in LLMs.

Nvidia fell in capitalization by $600 billion, the biggest drop of the week while Alphabet and Microsoft lost $100 and $7 billion respectively.

R1 is said to have been developed with just $6 million while American companies spent between $100 million and $1 billion.

Of course, this can be good for the crypto world as AI tokens can use much cheaper resources to achieve their respective use case.

Resource consumption is always one of the elements that bring a negative image to cryptos as it greatly increases the costs and the potential adoption they can have.

So that's it until the next technological discovery comes along that brings a corresponding earthquake to the markets...

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