Chinese AI startup DeepSeek is sending tech stocks plunging as the market digests what its cheaper and more efficient model means for the AI trade. DeepSeek claims it spent only $5.6 million to train its V3 model, compared to the billions spent a year in capital expenditures by the likes of Microsoft and Alphabet. CNBC's Deirdre Bosa sits down with Benchmark General Partner Chetan Puttagunta to discuss how China acheived its AI breakthrough.
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