Tech stocks experienced a sharp decline on Monday following advances by Chinese AI start-up DeepSeek, which showcased a language AI model comparable to US rivals with fewer Nvidia chips. This raised concerns about Silicon Valley’s AI hardware investments and potential lower returns. The market reacted with Nvidia, Microsoft, and Meta shares falling, while Chinese tech stocks saw gains. DeepSeek’s developments could ultimately benefit AI chipmakers, making AI adoption more accessible and affordable for businesses and consumers.
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The Millionaire-Maker AI Cryptocurrency Hiding in Plain Sight
The anticipated synergy between artificial intelligence (AI) and blockchain technology has not led to successful "AI cryptos," with major cryptocurrencies in this niche dropping between 40% and 60% this year. However, billionaire Michael Saylor suggests that Bitcoin (CRYPTO: BTC) could actually benefit from the rise of AI, potentially positioning it as a hidden opportunity for investors. Explain It To Me Like I'm 5: Sometimes, people thought new computer ideas would make certain digital money really...
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