Bitcoin miners slump after DeepSeek raises questions about AI power usage. What’s next. - MarketWatch
1. DeepSeek's AI model raised concerns over U.S. AI spending efficiency. 2. Nvidia's shares fell nearly 17% due to the market's response to DeepSeek. 3. Increased AI demand may drive competition for data centers. 4. Analysts suggest DeepSeek could lead to an 'arms race' in AI development. 5. Future efficiency gains may paradoxically increase AI power demand.