World’s richest people lose $108 billion after DeepSeek selloff
Tuesday, 28 January 2025
The world’s 500 richest individuals, particularly those associated with AI, experienced a significant financial hit, losing $108 billion collectively. Nvidia's Jensen Huang lost $20.1 billion as a result of DeepSeek's inexpensively developed AI model challenging the existing high capital expenditure dependency of Silicon Valley tech giants.
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