[ericskiff]

I believe this was a statement on cost per token to us as consumers of the service

[moffkalast]

Training cost-effectiveness doesn't matter for open models since someone else ate the cost. In this case, Chinese taxpayers.

[KvanteKat]

Deepseek is a private corporation funded by a hedge fund (High-Flyer). I doubt much public money was spent by the Chinese state on this. Like with LLMs in the US, the people paying for it so far are mainly investors who are betting on a return in the long to medium term.