DeepSeek: the new AI front-runner and culprit behind crypto’s sell-off
On January 20, the Chinese AI startup DeepSeek released the open-source reasoning model DeepSeek-R1. Over the weekend of January 25–26, the system drew intense attention, prompting sell-offs across equities and cryptocurrencies. What is DeepSeek? DeepSeek is an artificial-intelligence startup founded in 2023 in Hangzhou, China. The company specialises in building open-source large language models. In […]