How Cheap AI Could Derail OpenAI And Anthropic's IPOs

Chinese AI labs like DeepSeek are matching American frontier capability at a fraction of the cost, and a wave of American and European challengers are building toward the same price point. Adoption is already shifting, with Chinese models taking a growing share of enterprise AI traffic. That's a problem for OpenAI and Anthropic, which are pitching IPO investors on a premium moat that's eroding fastest in the enterprise segments they need to dominate. CNBC's Deirdre Bosa explains how cheap AI from competitors could derail OpenAI and Anthropic's upcoming IPOs. Chapters: 0:00 - 1:07: Introduction 1:08 - 4:06: China undercuts the frontier 4:07 - 6:26: American challengers move in 6:27 - 7:43: The SpaceXAI proof case 7:44 - 27:16 Full interview with Cohere CEO Aidan Gomez Anchor and Columnist: Deirdre Bosa Produced by: Jasmine Wu Edited by: Matt Soto Animations: Emily Park, Jason Reginato, Christina Locopo Senior Director of Video: Jeniece Pettitt Additional Editing: Erin Black » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC How Cheap AI Could Derail OpenAI And Anthropic's IPOs