AI Coin Market Cap Drops

This is a US news story, published by CoinGape, that relates primarily to Filecoin news.

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AI Coins Crash

CoinGape

•

Technology

AI Coins Crash Big As Chinese AI Startup DeepSeek Storms Market

Summary

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68% Informative

AI coins market has tanked by more than 7.66% in the last 24 hours with the total market cap falling under $44 billion .

Top artificial intelligence coins like Near Protocol (NEAR), Internet Computer ( ICP ), Render ( RENDER ), and Filecoin (FIL) have collapsed 8-10% today .

DeepSeek's low-cost AI models, rivaling GPT-4 and Claude at just $6 million in development costs, have shaken Silicon Valley .

Analysts see this as a "buy-the-dip" moment as US AI dominance comes under threat.

Users have praised the DeepSeek API for its user-friendly experience and seamless performance.

This has sparked discussions about its potential integration into agentic AI systems.

The swift development highlights the growing challenge to U.S. AI dominance.

The AI coins market will also face some turbulence moving ahead as the broader crypto market adjusts to these developments.

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