Newsroom5h
Why America’s tech oligarchy is in a shambles
This is a massive head start, and cultural symmetry that seemed to make American AI predestined. Open AI is backed by a US$14 billion investment from Microsoft, and has access to the cloud ...
Larry Ellison, Oracle Co-Founder And One Of Richest Men In The World, Saw His Net Worth Dip $22.6 Billion In One Day Due To DeepSeek Selloff
Larry Ellison, the Oracle (NYSE:ORCL) co-founder and one of the richest people on the planet, watched $22.6 billion disappear ...
Stargate Project: everything you need to know about OpenAI’s $500 billion gamble
OpenAI's Stargate Project promises to build AI data centers and clean energy facilities across the U.S., creating 100,000 ...
DeepSeek Panic Live Updates: Nvidia Stock Drops 4%—As Trump Reportedly Mulls China Chip Sale Restrictions
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company ...
DeepSeek is disrupting American AI leadership
DeepSeek also uses a smaller model as opposed to that used by U.S. AI tech giants, which require more processors. Plus, they ...
How China’s DeepSeek’s rise cost the world’s richest $108B in a day
Tech billionaires lost around $100 billion as Chinese AI disruptor DeepSeek challenges Silicon Valley with a low-cost chatbot ...
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World’s richest people lose $108 bln due to DeepSeek traction — Bloomberg
Billionaires whose fortunes are related to AI suffered the largest losses. The fortune of Oracle co-founder Larry Ellison fell by $22.6 billion, NVidia CEO Jensen Huang lost $20.1 billion, while Dell ...
3 Potential AI Stock Winners From the $500 Billion Stargate Project
If there were any fears that spending on artificial intelligence (AI) infrastructure was about to slow down, that was put to ...
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World's richest people lose $108b after DeepSeek selloff
Hangzhou-based DeepSeek has been developing AI models since 2023, but the company first came onto the radar of many Western investors this weekend as its free DeepSeek R1 chatbot app topped download c ...
DeepSeek Billionaire Rout: Nvidia’s Huang And Oracle’s Ellison Lose Combined $48 Billion
Several notable billionaires experienced massive hits to their fortunes Monday as the Chinese generative artificial ...
Nvidia suffers record wipeout on DeepSeek fears — as CEO Jensen Huang’s net worth tanks
US chip giant Nvidia and its CEO Jensen Huang are set for a record wipeout on Monday after Chinese startup DeepSeek upended ...