Did the World's Rich Fall Poor Because of DeepSeek?

thecekodok


An estimated $108 billion in losses were recorded after DeepSeek was launched, causing investors to worry that the AI ​​platform could overtake AI from the United States (US).


Among the big names who suffered losses was Nvidia founder Jensen Huang who lost $20.1 billion, marking a 20% drop in his wealth.


Larry Ellison who is the co-founder of Oracle Corp, saw $22.6 billion disappear, while Dell's Michael Dell and Binance's Changpeng Zhao lost $13 billion and $12.1 billion respectively.


This Chinese AI platform has received widespread attention and what is even more interesting is that the cost to create DeepSeek only cost $5.6 million, compared to Western AI companies that cost billions of US dollars.


Silicon Valley which is home to big technologies such as Meta, Nvidia, and Microsoft is now taking a huge hit as investors are starting to question their billion-dollar spending to create AI compared to DeepSeek.