Tech billionaires lose $108 bn as DeepSeek disrupts AI market

The world's top 500 wealthiest individuals collectively lost $108 billion in a tech-driven market crash, with AI moguls like Jensen Huang and Larry Ellison facing significant drops. The selloff follows the rise of DeepSeek, a Chinese AI company challenging Silicon Valley’s capital-heavy approach. DeepSeek’s low-cost model is reshaping AI development.