DeepSeek AI News / China's DeepSeek AI gave a big blow to billionaires, lost 9.34 lakh crores

China has created a stir in the AI ​​sector by introducing the DeepSeek AI module. The cost of this module is only $6 million. Due to this, American tech billionaires suffered huge losses, due to which the total wealth of 500 billionaires declined by $108 billion.

Vikrant Shekhawat : Jan 28, 2025, 10:30 AM
DeepSeek AI News: China has introduced its DeepSeek AI module, adding a new chapter in the world of AI technology, which has created a stir in the global markets. As soon as the news spread on Monday that China has developed this advanced AI model at a very low cost, the shares of US tech companies started falling and the wealth of billionaires around the world registered a huge decline.

Big blow to the wealth of billionaires

This move of China had a profound impact on the billionaires of the tech sector. According to the Bloomberg Billionaire Index, the wealth of a total of 500 billionaires declined by $108 billion (about ₹9.34 lakh crores). The biggest losses were suffered by Nvidia co-founder Jensen Huang and Oracle Corp co-founder Larry Ellison.

Nvidia's Jensen Huang's wealth fell by $20.1 billion, leaving his net worth at $101 billion. Oracle's Larry Ellison suffered a loss of $22.6 billion and his net worth fell to $186 billion.

Impact on Elon Musk and other tech leaders

China's move shook not only Jensen Huang and Larry Ellison, but also other prominent tech billionaires:

Elon Musk's wealth declined by $6.7 billion.

Google co-founders Larry Page and Sergey Brin lost $6.3 billion and $5.9 billion respectively.

Binance co-founder Chanpeng Zhao's wealth declined by $12.1 billion.

Dell Inc.'s Michael Dell suffered a loss of $13 billion.

Fall in US markets

US markets also went into turmoil after China's DeepSeek AI was revealed. The Nasdaq Composite Index fell by 3.1% and the S&P 500 Index by 1.5%. This fall put American tech companies in deep trouble.

Features of DeepSeek AI

The biggest feature of China's DeepSeek AI model is its extremely low cost and fast design.

Only $6 million (₹50 crores) was spent to prepare this AI module.

It was developed in just two months.

In comparison, global giants like OpenAI, Microsoft and Google invested years and billions of dollars to develop their AI models.

Significance of China's move

This move by China not only reflects its growing power in the world of AI, but also challenges the balance of the global tech industry. DeepSeek AI has proved that not only heavy investment for technological development, but cheap and fast solutions can also prove to be a game-changer.

Conclusion

China's DeepSeek AI module has not only brought a major revolution in the field of technology, but it also sets an example that proves that with the right strategy and efficiency, even big players can be destabilized. Its impact on the US market and billionaires could indicate more major changes in the AI ​​industry in the times to come.