SemiAnalysis says DeepSeek spent more than it claims

Discussion (30 points, 2 days ago, 13 comments) https://news.ycombinator.com/item?id=42936185

Isn't their $5m claim in pure compute cost only?

TL DR : The parent company spend a lot on hardware, but there is nothing in the article to refute the DS claims.

Right. And the number is based on rental rates of GPUs so how many GPUs they own is irrelevant to the claim.