BitMEX CEO Arthur Hayes has sparked a discussion about the global investment landscape, suggesting that the emergence of DeepSeek AI, a Chinese rival to OpenAI, could shift investor preferences away from U.S.-based stocks, bonds, and assets toward more global opportunities.
In a post on X, Hayes expressed the possibility of DeepSeek prompting global investors to question their reliance on U.S. technology companies and financial markets.
“what if the rise of Deepseek causes global investors to question US exceptionalism. What if they question y they are over weight US tech vs the world and why they are over weight US bonds vs the world?”
Hayes pondered.
A thot: what if the rise of Deepseek causes global investors to question US exceptionalism. What if they question y they are over weight US tech vs the world and why they are over weight US bonds vs the world?
— Arthur Hayes (@CryptoHayes) January 27, 2025
DeepSeek AI, founded in May 2023 by Liang Wenfeng, offers affordable AI solutions funded by Wenfeng’s hedge fund, High-Flyer. The company competes with major players like OpenAI, Google, and Meta, providing subscription services that are 20 to 30 times cheaper than OpenAI’s. It also gained significant traction by surpassing ChatGPT in app store rankings shortly after its launch, indicating a shift in the AI landscape beyond U.S. tech dominance.
Major tech companies claim advanced artificial intelligence is challenging to replicate, but institutions like MIT believe this view is becoming less credible. The rise of DeepSeek illustrates that international competitors can now match or even exceed U.S. companies in the AI industry.
Hayes suggests a shift towards decentralized financial alternatives, such as cryptocurrency. This trend is reflected in 47% of traditional hedge funds, including crypto investments, primarily through derivatives. South Korea’s cryptocurrency market also surpassed its stock market performance by 22% in December 2024.
Notably, AI-fueled crypto adoption is on the rise globally. xPortal, an AI-powered DeFi super-app, recently acquired Berlin-based Web3 startup Alphalink to bolster its platform’s simplifying cryptocurrency and financial investing capabilities. The acquisition supported xPortal’s strategy of expanding its ecosystem, which has already attracted over 2.5 million users and earned a 4.8-star rating from more than 70,000 reviews.
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