#DeepSeekImpact

DeepSeek, the viral Chinese company that has crashed U.S. stocks and is rapidly gaining popularity in the West, has released a family of artificial intelligence models. It says its image-generating platform outperforms OpenAI's DALL-E 3, and independent expert Scale AI previously said that in his tests, DeepSeek's AI outperformed ChatGPT, Gemini and Meta AI in at least some cases.

The world's 500 richest people lost a combined $108 billion as tech stocks tumbled.

The biggest losers were:

• Michael Dell (Dell Inc.) — down $13 billion;

• Changpeng Zhao (Binance Holdings Ltd.) — down $12.1 billion;

• Jensen Huang (Nvidia Corp.) — down $20.1 billion;

• Larry Ellison (Oracle Corp.) — down $22.6 million