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DeepSeek a ‘kick in the pants’ for tech innovators

Cheaper tech will boost AI adoption and drive competition, experts say

Vaidik TrivedibyVaidik Trivedi
February 4, 2025
in Strategy
Reading Time: 4 mins read
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The emergence of the DeepSeek AI model from Chinese hedge fund High Flyer is rattling investors and competition is poised to explode. The model — which cost $5.6 million to develop compared with more than $1 billion spent to create U.S.-based OpenAI’s ChatGPT and Google’s Gemini — will push companies to innovate more cheaply, Carey […]

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Tags: artificial intelligence (AI)bank securityBankTech VenturesPremiumventure capital (VC)
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