Byron Deeter Calls Fears About Chinese AI ‘Misplaced’ — Says Corporate America Is 'Not Going To Chase Fractions Of Pennies Per Token'

Byron Deeter, a partner at Bessemer Venture Partners, said fears about Chinese AI are 'misplaced' in a CNBC interview.

Deeter argued that corporate America will prioritize security and reliability over the lowest cost AI tokens.

He attributed the sell-off in chip stocks to profit-taking after an 'epic runup' in the sector.

The statement contrasts with recent market reactions to Chinese AI advances like DeepSeek.