Chinese AI startup #DeepSeek became the No. 1 free app in the Apple App Store.

It cost $10M to create DeepSeek, while #ChatGPT has raised $17B in 10 funding rounds and is valued over $150B.

The market thinks the #AI industry is way overvalued and is selling the stocks since the market has opened.

#Crypto is highly correlated with the stock market, so it's getting dumped even harder.