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DeepSec is falling in financial markets. DeepSec’s offering of the open-source R1 model, which has been much talked about in the tech world for a few weeks, led to a fall in global markets.
“Beyond America?” fear of
DeepSec’s move begs the question, “Isn’t America far ahead of China in artificial intelligence in global markets?” created fear. This ended claims that only “closed source” models would be produced for China. All these factors led to a decline in chip companies and markets associated with the Western world. Declines in chip companies, particularly in Japan, where markets have opened up, are also notable.
Bitcoin is under $100 thousand.
The decline in Nasdaq futures in particular also negatively affected Bitcoin. Bitcoin, which traded around $105,000 yesterday, fell below $99,000 this morning. Bitcoin’s total market value also fell below $2 trillion. Donald Trump’s “I’m behind you” message to the Bitcoin community overnight did not stop the decline.
An artificial intelligence initiative was announced.
As you may recall, last week US President Donald Trump announced an initiative called Stargate aimed at taking his country to leadership in artificial intelligence. It was reported that up to $500 billion will be invested in the initiative, which includes major companies such as OpenAI, Oracle and SoftBank.
However, DeepSec’s R1 model shows that China has caught up with the US in the artificial intelligence race and has seriously stepped up the global competition.
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