"Altman Teases New OpenAI Models as DeepSeek Shakes Markets"

OpenAI's Sam Altman Hints at New AI Model Releases Amidst DeepSeek's Market Impact

OpenAI co-founder Sam Altman has hinted at new releases to the community following the emergence of DeepSeek, a low-cost AI model from a Chinese firm. The release of DeepSeek has caused a significant shake-up in U.S. tech stocks and a direct crash in Bitcoin and altcoin prices. Altman acknowledged the competitive pressure and expressed excitement about the new competition, emphasizing the importance of executing the company's research roadmap.

AI Enthusiasts Anticipate New OpenAI Releases Amidst Global AI Adoption Boom

The global AI adoption boom has led to a fresh inflow into AI coins in the crypto market. AI enthusiasts express delight in the competition and look forward to new OpenAI releases. The recent U.S. stock market shake-up led to a similar negative outlook in the crypto prices, with Bitcoin price slipping below $99k before a rebound above the $100k mark. However, the last few hours have seen positive spikes in the market, especially across defi volumes and altcoins.

Fundstrat's Tom Lee Sees Opportunities in Stock Market Correction Triggered by DeepSeek

Fundstrat chief investment officer Tom Lee says the market sell-off triggered by the release of low-cost Chinese artificial intelligence (AI) model DeepSeek is an overreaction. In a recent interview, Lee stated that Monday's market correction is likely an opportunity for long-term investors. Stocks and crypto plummeted on Monday as investors processed DeepSeek's implications, including for AI chipmaker Nvidia (NVDA), one of the hardest hit stocks. Lee believes that the Nvidia decline is an overreaction and that the company's chip dominance is still strong.

Coinbase Strengthens Ties to Washington with High-Profile Advisors

Coinbase has added four high-profile figures to its advisory council, including former US Senator Kyrsten Sinema and Chris LaCivita, co-campaign manager for President Donald Trump's re-election bid. The move suggests that Coinbase is positioning itself to have direct influence on policy discussions by aligning with individuals who have deep ties to both the Trump camp and traditional financial institutions. The addition of these advisors comes amidst favorable regulatory and legal tailwinds for Coinbase, including Trump's nominations for key roles