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

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 .

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.

Nvidia CEO Jensen Huang Huang said he will be celebrating Lunar New Year with employees.

While Huang and Ellison suffered losses, other major tech billionaires’ fortunes escaped unscathed. Zuckerberg’s net worth ended the day up, gaining $4.3 billion as Meta rebounded from an early-session decline.

The S&P500 and the Nasdaq Composite declined as investors questioned America's AI dominance after DeepSeek launched its free AI chatbot.