China's AI 'DeepSeek' Triggers $108 Billion Loss for Top 500 Billionaires

TBS World

29 January, 2025, 11:15 am
Last modified: 29 January, 2025, 11:17 am

China's AI 'DeepSeek' Triggers $108 Billion Loss for Top 500 Billionaires

29 January, 2025, 11:15 am
Last modified: 29 January, 2025, 11:17 am

The world's 500 richest individuals have collectively faced a loss of $108 billion, and the reason behind this is a tech-related market crash tied to Chinese artificial intelligence developer DeepSeek, which sent major indices plunging. Among those affected was Nvidia Corporation's co-founder Jensen Huang.

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