• DeepSeek-R1 offers AI at 90% lower costs, boosting accessibility for crypto startups.
• Affordable AI tools enable easier smart contract creation and NFT development in the crypto space.
• DeepSeek-R1 fosters innovation by lowering entry barriers for small teams and blockchain developers.

There’s been quite a commotion with last week’s release of DeepSeek-R1, a new open-source AI model from the Chinese startup DeepSeek AI.

Reportedly, it’s able to match or, at the very least, nearly match the capabilities of OpenAI’s GPT-4, Google’s Gemini, and the rest, but at a 90%-95% lower cost. This is huge since AI technology is considered to be expensive and power-hungry. So naturally, people are paying attention.

Of course, the hype around this affects the crypto world, especially Crypto-AI. So, is this a good thing?

Generally speaking, yes. A cheap generative AI can be highly beneficial for the cryptocurrency ecosystem primarily because it lowers barriers to entry, drives innovation, and enhances the functionality of blockchain-based projects.

Related: MyShell Adopts DeepSeek AI in Hours: A New Era for Open-Source AI

For instance, it could make it easie…

The post DeepSeek-R1 Brings Affordable AI to Crypto Startups appeared first on Coin Edition.

• DeepSeek-R1 offers AI at 90% lower costs, boosting accessibility for crypto startups.
• Affordable AI tools enable easier smart contract creation and NFT development in the crypto space.
• DeepSeek-R1 fosters innovation by lowering entry barriers for small teams and blockchain developers.

There’s been quite a commotion with last week’s release of DeepSeek-R1, a new open-source AI model from the Chinese startup DeepSeek AI.

Reportedly, it’s able to match or, at the very least, nearly match the capabilities of OpenAI’s GPT-4, Google’s Gemini, and the rest, but at a 90%-95% lower cost. This is huge since AI technology is considered to be expensive and power-hungry. So naturally, people are paying attention.

Of course, the hype around this affects the crypto world, especially Crypto-AI. So, is this a good thing?

Generally speaking, yes. A cheap generative AI can be highly beneficial for the cryptocurrency ecosystem primarily because it lowers barriers to entry, drives innovation, and enhances the functionality of blockchain-based projects.

Related: MyShell Adopts DeepSeek AI in Hours: A New Era for Open-Source AI

For instance, it could make it easie…

The post DeepSeek-R1 Brings Affordable AI to Crypto Startups appeared first on Coin Edition.