The Kobeissi Letter@KobeissiLetterThe most ironic part about DeepSeek vs OpenAI: 1. OpenAI was developed by a non-profit and costs $200/month 2. DeepSeek was developed by a hedge fund and costs $0/month 3. OpenAI is actually closed-AI 4. DeepSeek is actually open-AI Talk about a turn of events.Opens with an observation
The Kobeissi Letter@KobeissiLetterThis price action is INSANE: At 12:45 AM ET, Donald Trump's memecoin, $TRUMP, hit $10 billion in market cap. By 12:48 AM ET, the coin was worth $11.6 billion as buyers poured in. In other words, the memecoin added $1.6 BILLION in 3 MINUTES. Wow.Opens with an observation