Chinese AI developer DeepSeek shook the world’s financial market in just one day. Due to this, not only the stock market of America fell, but the net worth of the world’s top billionaires also fell drastically. According to the Blomberg Billionaires Index, the world’s top 500 rich lost 108 billion dollars (9.34 lakh crore rupees) in just 24 hours.
Biggest blow to AI Billionaires
This fall was no less than a shock for AI tech investors and billionaires. Nvidia co-founder Jensen Huang’s net worth fell by 20.1 billion dollars (20%), and now his total wealth is only 101 billion dollars. Similarly, Oracle co-founder Larry Ellison lost 22.6 billion dollars (12%), and his net worth is now 171 billion dollars.
This decline was not just individual. The entire tech industry lost 94 billion dollars. Dell Inc.’s Michael Dell lost 13 billion dollars and Binance’s CZ Zhao lost 12.1 billion dollars of his wealth.
But it was not bad news for everyone
While the impact of DeepSeek became a nightmare for many rich people, some people increased their assets even after this fall.
Mark Zuckerberg (Meta)’s net worth increased by 4.3 billion dollars.
Jeff Bezos (Amazon) made a profit of 632 million dollars.
Bill Gates’ property also increased by 438 million dollars.
Why did the market fall due to DeepSeek?
DeepSeek’s AI algorithm, which is used for market analysis and trading, unexpectedly disrupted the global markets. This technology is as powerful as it is unpredictable. This event proved that the impact of AI is not just limited to the tech industry, but it can impact the entire global economy.
What will happen now?
This impact of DeepSeek has raised a big question: Is AI development and its uncontrolled use a threat to global markets? The billionaires who till now considered AI as the fuel of their growth must have also started thinking about the risks of this technology.
The more AI is progressing, the more ethical and regulatory frameworks are needed. If AI is not handled responsibly, such “DeepSeek Moments” can become risky for the market in the future as well.
This decline is a warning—AI not only brings opportunities, it also brings risks.