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Bench vs DeepSeek: Is It A Big Threat?

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21 hours ago

Summary

DeepSeek's open-source AI model has sent shockwaves through the fintech industry, prompting a price war at the foundational level. This development is great news for companies building on AI, but some experts are skeptical about the hype surrounding DeepSeek.

Key Points

Bench is a venture-backed accounting firm that was previously perceived as an accounting firm with humans doing accounting work.
DeepSeek is an open-source AI model from China that has been making waves in the fintech industry.
The rivalry between Bench and DeepSeek has led to a price war at the foundational level, which is great news for companies building on AI.

Why It Matters

This article highlights the intense competition between Bench and DeepSeek, two companies that are changing the face of AI in finance. The outcome of this rivalry will have significant implications for the fintech industry.

Author

Mary Ann Azevedo

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