$BTC 🚨🚨🚨The"DeepSeek Effect"
Today, 500 of the world's biggest billionaires lost
together an impressive US$108 billion. The person responsible for
this twist? A Chinese intelligence startup
artificial intelligence called DeepSeek.
Market impact
DeepSeek's aggressive entry, with its chatbot
revolutionary, generated a mass sale of shares of
technology, causing drastic drops in the main
indexes:
•Nasdaq: -3.1%
•S&P 500: -1.5%
Those most affected
• Jensen Huang (Nvidia): lost US$20.1 billion (-20%)
• Larry Ellison (Oracle): -$22.6 billion (-12%)
• Michael Dell (Dell Technologies): -$13 billion
• CZ Zhao (Binance):-$12.1 billion
What is DeepSeek?
This startup, founded in 2023 in China, developed a
Advanced chatbot at a surprisingly low cost
below USS 5.6 million, challenging the Valley's giants
of Silicon and showing that innovation can come with
modest budgets.
What do you think of this new wave of AI? Comment below and share your vision!