CEO Elon Musk seemed to agree with CEO of Scale AI Alexandr Wang suggesting that China's DeepSeek has about 50,000 H100 Nvidia's (NASDAQ:NVDA) chips, which they can't talk about due to U.S. export controls.

The emergence of a competitor to American artificial intelligence giants has rattled investors, and sent shares in Nvidia sinking 17 per cent overnight.

As Wall Street saw a nightmare with major US tech stocks like Nvidia, Microsoft, Meta and Tesla set for a $1 trillion rout over fears for Chinese AI model DeepSeek, Elon Musk offered his opinion about it on X.

A Chinese AI startup dethroned ChatGPT, tanked Nvidia's stock, and triggered a Big Tech panic. Is this the AI tipping point?

The tech industry has had an insatiable appetite for Nvidia’s chips over the last two years. But the feast may be over sooner than many had expected.

Elon Musk, Mark Zuckerberg, Tim Cook, Jeff Bezos, Sundar Pichai, and even TikTok’s CEO Shou Chew are among the powerful tech leaders lined up to attend Donald Trump’s inauguration on Monday, but Nvidia’s CEO won’t be joining them.

Altman and Musk were OpenAI’s founding co-chairs in 2015, but their relationship has devolved into name-calling and lawsuits.

Meanwhile, a slew of other tech executives including Elon Musk, Jeff Bezos and Mark Zuckerberg are reportedly set to attend the events on Monday.

Elon Musk doesn’t miss an opportunity to take a dig at OpenAI — even when the news item in question is supposed to be favorable to President Trump. Just a few hours after yesterday’s White House presser on The Stargate Project wrapped up, Musk posted on X that “they don’t actually have the money.”

OpenAI, led by Sam Altman, has announced a $500 billion AI infrastructure project called 'Stargate' in collaboration with SoftBank, Oracle, and MGX. I

Musk slammed a Trump-backed $500 billion AI joint venture building out OpenAI’s artificial general intelligence.

He told CNBC: "My understanding is that Deepseek has about 50,000 H100s, which they can't talk about obviously because it is against the export controls that the U.S. has put in p