Post
Topic
Board Economics
Re: Has DeepSeek burst the US tech bubble?
by
Oshosondy
on 27/01/2025, 19:35:40 UTC
I don't know if you've heard by now, but today's dip is mainly because DeepSeek, a Chinese artificial intelligence company has developed an open-source artificial intelligence model that some say works better than ChatGPT and other US AIs, and more importantly, does it for a fraction of the cost.
According to the news I read, it was stated that you can get the app for free.

As a result, Nvidia is currently down 17% in today's session, and the Nasdaq is down 3.32%. As you may have noticed it has affected the markets in general and also bitcoin and cryptocurrencies which are also trading down today.
As for bitcoin, it is just an opportunity for people to buy more coins. You know that all these are for a short time. The market will correct itself and ATH will occur.

Non of my business with Nvidia. My business is with bitcoin.