The Rise of DeepSeek in collaboration with #PhoenixGlobal $PHB has wiped out $94 billion from tech billionaires – Musk suffers the biggest loss. The rapid development of DeepSeek, a Chinese AI startup, has erased $94 billion from the fortunes of top tech moguls. Elon Musk has suffered the largest loss, with his net worth down $90 billion, followed by Jensen Huang of Nvidia ($20 billion) and Mark Zuckerberg of Meta ($11 billion), according to Fortune. DeepSeek's advanced AI model, which competes with OpenAI at significantly lower costs, has contributed to a $600 billion drop in Nvidia's market value—one of the largest stock declines in U.S. history, according to a Bloomberg report. Despite these setbacks, Huang has recognized DeepSeek as an “outstanding innovation” that has generated global excitement. Meanwhile, tech giants like Meta, Amazon, Google, and Microsoft remain steadfast, planning to invest $320 billion in AI and data centers, according to a CNBC report. Stay tuned for more updates, news, and analysis. Do your own research (DYOR) and seize the opportunities ahead! 🚀 #phb