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World’s richest people lose $108 bn after tech startup DeepSeek selloff

by AIP Online Bureau | Jan 28, 2025 | International News, Risk Management, Technology, Wealth Management/ Philanthropy

DeepSeek’s dark-horse entry into the AI race, which it says cost just $5.6 million to develop, is a challenge to Silicon Valley’s narrative that massive capital spending is essential to developing the strongest models. That delivered a serious blow to billionaires...
Sensex sinks 1404 points on global selloff; investors lose Rs 6 lakh crore, LIC shares fall further

Sensex sinks 1404 points on global selloff; investors lose Rs 6 lakh crore, LIC shares fall further

by AIP Online Bureau | Jun 13, 2022 | Eco/Invest/Demography, Indian News, Life, Wealth Management/ Philanthropy

Falling for the tenth straight session on Monday, shares of Life Insurance Corporation (LIC) of India dropped 4 per cent to hit an all-time low of Rs 681.70 on BSE while its market capitalisation (m-cap) slipped to Rs 4,34,052 crore. The selloff has led to erosion of...

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