How did DeepSeek surpass its AI competitors in the crypto market challenge?

In a groundbreaking cryptocurrency trading experiment, several leading AI models were tested against each other to assess their investment skills. The event, known as Alpha Arena, launched by a US research firm, involved six large language models each receiving $10,000 to invest in various cryptocurrency perpetual contracts on the decentralized exchange Hyperliquid. As of Tuesday afternoon, the DeepSeek V3.1 model emerged as the top performer, achieving a profit of 10.11%, while OpenAI’s GPT-5 recorded the largest losses at 39.73%. The experiment also includes models from Alibaba Cloud, Anthropic, Google DeepMind, and xAI, with the competition running until November 3. The initiative aims to create more realistic benchmarks, highlighting the unpredictable and dynamic nature of financial markets as a challenging environment for AI.