https://semianalysis.com/2025/01/31/deepseek-debates/
DeepSeek Debates: Chinese Leadership On Cost, True Training Cost, Closed Model Margin Impacts
DeepSeek Debates: Chinese Leadership On Cost, True Training Cost, Closed Model Margin Impacts
The narrative now is that DeepSeek is so efficient that we don’t need more compute, and everything has now massive overcapacity because of the model changes. While Jevons paradox too is overhyped, Jevons is closer to reality, the models have already induced demand with tangible effects to H100 and H200 pricing.

