Billionaires whose fortunes are linked to artificial intelligence were the biggest losers: Huang saw his fortune fall $20.1 billion. The world’s 500 richest people, led by Nvidia Corp. co-founder Jensen Huang, lost a combined $108 billion on Monday as a tech-led selloff tied to Chinese AI developer DeepSeek sent major indices plunging.Billionaires whose fortunes are…
US President Donald Trump has warned against the low-cost Chinese AI tool DeepSeek, calling it a “wake up call” for America after it gave a huge shock to tech stocks at Wall Street on Monday.“Hopefully, the release of DeepSeek AI from a Chinese company should be a wake up call for our industries that we…
Wall Street faced a major shock on Monday as Chinese AI startup DeepSeek emerged as a formidable competitor, triggering a sell-off in US tech stocks. NVIDIA, one of the biggest beneficiaries of the AI boom, saw its stock plunge by 17.95%, to $117.02 at 3pm EST. This development came after DeepSeek, a Chinese startup founded…
DeepSeek, the Chinese AI startup, has restricted new user sign-ups to those with mainland China telephone numbers. Reason: The company is citing “large-scale malicious attacks” on its systems. This comes after a surge in demand following the release of its AI chatbot, which it claims rivals OpenAI‘s ChatGPT but was developed at a fraction of…
