DeepSeek generates $38 inference revenue per GPU hour off-peak, or $100B per gigawatt, says investor

GavinSBaker · x · 2026-10-21

Investor Gavin Baker, co-hosting the GTC Berlin pregame show, shared a striking back-of-envelope figure: DeepSeek generates $38 in inference revenue per GPU hour off-peak, which works out to $100B per gigawatt — roughly 2x at peak.

He flagged it as "seems important." The figure comes from his own commentary at the event and is not officially confirmed by DeepSeek.

Related event: DeepSeek Discloses $38/GPU-Hour Inference Revenue, Sparking Unit Economics Debate(10 posts)→

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