The notion that China’s DeepSeek spent under $6 million to develop its artificial intelligence system is “exaggerated and a little bit misleading,” according Google DeepMind boss Demis Hassabis.
James Demmert, chief investment officer of Main Street Research, shares his analysis on AI as he says investors should keep an eye the long-term costs of AI.
Last month, DeepSeek shocked the world by releasing a popular chatbot and AI model using far less money than US rivals, such as DeepMind and OpenAI. Hassabis, who runs the AI unit of Alphabet Inc.’s Google, told Bloomberg Television that DeepSeek “seems to have only reported the cost of the final training round, which is a fraction of the total cost.”
The Chinese startup reported spending $5.6 million on computing costs to train its model using older Nvidia Corp. chips. Several researchers have questioned those claims. US authorities opened a probe to see if DeepSeek circumvented a chip ban by purchasing through Singapore.
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