The Indian tech industry is abuzz with news of AceCloud's latest offering - the cutting-edge DeepSeek GenAI models now available in India. Tech mogul Mukesh Ambani weighs in on the importance of investing in intelligence over AI, as his company PDEU plans to build their own foundational AI model. Meanwhile, WEF attendees stress the need for collaboration and reforms in the face of AI advancements.
A Solana-based token named after the popular AI app DeepSeek, which recently topped the U.S. Apple App Store rankings, briefly experienced a surge in value, reaching a market cap of $48 million. However, the token's creators have been accused of leveraging the app's success and deceiving users, leading its valuation to drop to $30 million. The incident has raised concerns over cryptocurrency scams exploiting hot market trends and the need for caution among investors. Meanwhile, AI continues to be a hot topic, with U.S. officials and analysts keeping a closer eye on its impact on technology and markets.