One bright spot amidst all the terrible news last month was the market’s reaction to DeepSeek, with BigTech firms like Nvidia and Microsoft and Google taking major hits in their capitalizations. Billionaires Nvidia’s Jensen Huang and Oracle’s Larry Ellison—who had, just a few days back, been part of Donald Trump’s first news conference—lost a combined 48 billion dollars in paper money. As a good friend of mine, who shall go unnamed because of their use of an expletive, said “I hate all AI, but it’s hard to not feel joy that these asshats are losing a lot of money."