https://developer.nvidia.com/blog/nvidia-blackwell-delivers-...
NVIDIAs 8xB200 gets you 30ktps on Deepseek 671B at maximum utilization thats 1 trillion tokens per year. At a dollar per million tokens that's $1 million.
The hardware costs around $500k.
Now ideal throughput is unlikely, so let's say your get half that. It's still 500B tokens per year.
Gemini 3 Flash is like $3/million tokens and I assume it's a fair bit bigger, maybe 1 to 2T parameters. I can sort of see how you can get this to work with margins as the AI companies repeated assert.