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Author: Admin | 2025-04-28
Train and run its new model for less than $6 million, while its competitors in the US such as Meta, X and OpenAI pumped billions of dollars into the training of their models.Prior to the launch of R1, it was also believed that companies needed a vast amount of computational resources and cutting-edge computer chips to run powerful AI models. However, DeepSeek was reportedly able to build out and train its model with chips much cheaper than the ones sold by Nvidia.Big companies saw strong gains on January 28. Apple rose by 3.65%, Amazon climbed 1.16%, Meta Platforms gained 2.17%, Microsoft added 2.87%, and Google parent Alphabet grew by 1.70%.According to the Kobessi Letter X account, The S&P 500 marked its “3rd largest single-day market cap gain in stock market history,” adding that “The S&P 500 closes +55 points higher and is now 1% away from a new all-time high.”AI Crypto Tokens Keep FallingTop AI crypto tokens experienced big losses, with the sector’s market value falling by 5.11% in the last 24 hours, dropping to $42.33 billion, according to CoinMarketCap.AI agent platform Virtuals Protocol (VIRTUALS) dropped 11.75% during the last 24 hours. Venice Token (VVV), a recently launched startup that claims to provide private access to DeepSeek’s AI model, experienced the biggest losses among AI crypto tokens. It dropped 20.29% over the same period. Related ArticlesOpenAI Says China Competitor DeepSeek Used ChatGPT DataWall Street Pepe Presale Surges Past $62.5MTRON Price Prediction for Today Best Wallet - Diversify Your Crypto Portfolio
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