Nvidia CEO Jensen Huang's net worth fell from $121 billion to around $100 billion on Monday, per the Bloomberg Billionaires Index.

The world’s 500 richest people, led by Nvidia Corp. co-founder Jensen Huang, lost a combined US$108 billion on Monday as a tech-led sell-off tied to Chinese AI developer DeepSeek sent major indices plunging.

The Chinese startup DeepSeek has sent shockwaves throughout the AI world with the release of its less-resource-intensive AI chatbot, calling into question the amount of power and financial investment needed to develop the technology.

Five hundred of the world’s richest people collectively lost $108 billion after the Chinese-headquartered artificial intelligence company DeepSeek upended the U.S. stock market Monday, Bloomberg reported — and several of the biggest losses were among some of the Bay Area’s biggest figures in tech .

The surprise success of China’s AI startup, DeepSeek, led to tech stocks being hammered in the US market. Nvidia, the leading supplier of AI chips, was largely impacted; its shares plunged 17 per cent,

NEW YORK – The world’s 500 richest people, led by Nvidia co-founder Jensen Huang, lost a combined US$108 billion (S$145 billion) on Jan 27 as a tech-led sell-off tied to Chinese AI developer DeepSeek sent major indexes plunging.

Despite a remarkable surge in net worth, Jensen Huang, CEO of Nvidia, saw a significant dip of $20.1 billion due to the rising competition from Chinese AI firm DeepSeek, which caused a market-wide selloff and cast doubts on the sustainability of capital-heavy AI investments.

Tech billionaires lost around $100 billion as Chinese AI disruptor DeepSeek challenges Silicon Valley with a low-cost chatbot.

The sudden popularity of the Chinese chatbot drove a huge plunge in shares of Nvidia. But other A.I. powerhouses rallied. Here’s why.

The world’s wealthiest individuals, led by Nvidia Corp.’s co-founder Jensen Huang, saw their fortunes take a staggering hit on Monday,

In a significant shakeup, the January 20 release of DeepSeek AI, a cutting-edge product from a Chinese start-up, has sent shockwaves within global AI and semiconductor markets. The announcement triggered a massive selloff in Nvidia shares, resulting in a record US$ 589 billion loss in market capitalization.

The world’s 500 richest people, led by Nvidia Corp co-founder Jensen Huang, lost a combined US$108bil as a tech-led sell-off tied to Chinese artificial intelligence (AI) developer DeepSeek sent major indices plunging.