Nvidia CEO Jensen Huang says he uses AI chatbots like OpenAI’s ChatGPT or Google’s Gemini to write his first drafts for him.

The developer of the chatbot that shocked U.S. incumbents had access to Nvidia chips that its parent company providentially acquired just before a 2022 U.S. export ban.

Nvidia CEO Jensen Huang lost nearly 20% of his net worth after Chinese AI upstart DeepSeek sparked a sell-off in AI-related stocks on Monday. Huang's net worth fell from $121 billion to around $100 billion,

Despite a remarkable surge in net worth, Jensen Huang, CEO of Nvidia, saw a significant dip of $20.1 billion due to the rising competition from Chinese AI firm DeepSeek, which caused a market-wide selloff and cast doubts on the sustainability of capital-heavy AI investments.

Five hundred of the world’s richest people collectively lost $108 billion after the Chinese-headquartered artificial intelligence company DeepSeek upended the U.S. stock market Monday, Bloomberg reported — and several of the biggest losses were among some of the Bay Area’s biggest figures in tech .

The Chinese startup DeepSeek has sent shockwaves throughout the AI world with the release of its less-resource-intensive AI chatbot, calling into question the amount of power and financial investment needed to develop the technology.

Tech billionaires lost around $100 billion as Chinese AI disruptor DeepSeek challenges Silicon Valley with a low-cost chatbot.

The S&P500 and the Nasdaq Composite declined as investors questioned America's AI dominance after DeepSeek launched its free AI chatbot.

And of course, it wouldn’t be a crackdown if America didn’t get involved. Per Reuters, the US Commerce Department is reportedly investigating if DeepSeek has been secretly using American-made chips that are not allowed to be shipped to China.

The big market story today is Apple (Nasdaq: AAPL), which is lifting all boats and driving the Nasdaq Composite over 1% higher to end the week on a positive note. Apple's Q1 results appeased investors and the markets are seeing the AI glass half full.

Huang's net worth fell from $121 billion to around $100 billion, per the Bloomberg Billionaires Index.