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 intelligence startup DeepSeek upended the U.S. stock market, hitting the American AI leader Nvidia the hardest.

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1. nixCraft 🐧 (nixcraft@mastodon.social)'s status on Tuesday, 28-Jan-2025 07:14:01 JST nixCraft 🐧

   American tech bros are having a meltdown today because the Chinese released free AI models that are WAY more efficient. Before the meltdown, they were saying things like:
   * All jobs should be replaced with their shity AI - OpenAI/SV gang
   * Citizens will behave when we monitor them with AI - Oracle
   * learning science and math skills are dead-end in AI age - Nvidia
   * AI agent will replace all SaaS - Microsoft

   1 trillion dollars have been wiped out. I am sure it has nothing to do with this 😂