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Cheap AI could derail OpenAI and Anthropic’s IPOs

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Chinese AI labs are matching American frontier capability at a fraction of the cost — and a wave of American and European challengers is building toward the same price point.

Adoption is already shifting, with Chinese models taking a growing share of enterprise AI traffic.

CNBC’s Deirdre Bosa explains why that’s a problem for OpenAI and Anthropic.

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