SemiAnalysis: DeepSeek Hype, True Training Costs, and Rising H100 Prices

zephyr_z9 · x · 2026-08-27

SemiAnalysis analyzes the DeepSeek narrative, correcting misconceptions about algorithmic efficiency eliminating the need for compute. Citing Jevons paradox, they note efficiency gains have actually driven up H100/H200 prices and demand. The piece traces High-Flyer's (DeepSeek's backer) long-term GPU accumulation, debunking the "overnight success" myth.

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