SemiAnalysis says DeepSeek spent more than it claims

Discussion (30 points, 2 days ago, 13 comments) <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=42936185">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=42936185</a>

Isn&#x27;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.