Maybe, if you don't include the >$10m investment in H800 hardware. Still a lot cheaper than competitors though.

They made this claim in a peer reviewed paper submitted to Nature, but it’s not clear how peers could evaluate the truth of this claim.

If it’s true, and the consensus is that we are hitting limits of how to improve these models, the hypothesis that the entire market is in a bubble over-indexed on GPU costs [0] starts to look more credible.

At the very least, OpenAI and Anthropic look ridiculously inefficient. Mind you, given the numbers on the Oracle deal don’t add up, this is all starting to sound insane already.

[0] https://www.wheresyoured.at/the-haters-gui/