DeepSeek Billionaire Rout: Nvidia’s Huang And Oracle’s Ellison Lose Combined $48 Billion
Several notable billionaires experienced massive hits to their fortunes Monday as the Chinese generative artificial intelligence startup DeepSeek upended the U.S. stock market, hitting the American AI leader Nvidia the hardest.
Larry Ellison, Oracle Co-Founder And One Of Richest Men In The World, Saw His Net Worth Dip $22.6 Billion In One Day Due To DeepSeek Selloff
Larry Ellison, the Oracle (NYSE:ORCL) co-founder and one of the richest people on the planet, watched $22.6 billion disappear in a single day on January 27—and he didn't even have to lift a finger. The selloff was brutal,
Nvidia suffers record wipeout on DeepSeek fears — as CEO Jensen Huang’s net worth tanks
$20 billion gone in one day! Nvidia’s Jensen Huang loses 20% net worth amid DeepSeek disruption
DeepSeek could represent Nvidia CEO Jensen Huang’s worst nightmare
World’s richest people lose billions in Nvidia plunge
The world’s 500 richest people, led by Nvidia co-founder Jensen Huang, lost a combined $US108 billion ($172 billion) on Monday as a tech-led selloff tied to Chinese AI developer DeepSeek sent major indices plunging.
DeepSeek hype: Nvidia lost 600 billion US dollars in stock market value in a day
After a Chinese AI app suddenly overtook the competition from OpenAI at the weekend, the AI sector had a dark day on the stock market.
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Trump’s $500B Stargate A.I. Project: What Will It Build and Does It Actually Have the Money?
President Donald Trump announced an A.I. initiative called Stargate. During a press conference at the White House attended by SoftBank (SFTBF) CEO Masayoshi Son and Oracle founder Larry Ellison, the returning President told reporters the initiative will invest $500 billion—equivalent to almost 2 percent of the annual U.
How Stargate Partners Oracle, Open AI, Nvidia And Softbank Aim To Transform Healthcare
The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.
How China’s DeepSeek shook up US markets, by the numbers
A company called DeepSeek said it had developed a large language model that can compete with U.S. AI giants but at a fraction of the cost.
DeepSeek is disrupting American AI leadership
DeepSeek also uses a smaller model as opposed to that used by U.S. AI tech giants, which require more processors. Plus, they have made DeepSeek open source , which avoids the recurring fees that their U.S. competitors charge.
Trump’s AI Push: Understanding The $500 Billion Stargate Initiative
The $500 billion Stargate Initiative — led by Trump, OpenAI, SoftBank, and Oracle — is set to revolutionize U.S. AI infrastructure.
Why Nvidia Stock Surged Today
Nvidia (NASDAQ: NVDA) stock posted significant gains in Wednesday's trading following bullish artificial intelligence (AI) news. The company's share price closed out the day up 4.4% amid the backdrop of a 0.
Oracle's Larry Ellison Says Cancer Vaccine Tailored In 48 Hours Could Soon Be A Reality As Trump Announces $500 Billion AI Investment
Larry Ellison unveiled plans for an AI-driven cancer vaccine system that could deliver personalized treatments within 48 hours.