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The notion that China’s DeepSeek spent under $6 million to develop its artificial intelligence system is “exaggerated and a little bit misleading,” according Google DeepMind boss Demis Hassabis.
Last month, DeepSeek shocked the world by releasing a popular chatbot and AI model using far less money than US rivals, such as DeepMind and OpenAI. Hassabis, who runs the AI unit of Alphabet Inc.’s Google, told Bloomberg Television that DeepSeek “seems to have only reported the cost of the final training round, which is a fraction of the total…
