'DeepSeek DID NOT build OpenAI for USD 5M' : Bernstein dismisses the Chinese company's claims

DeepSeek's rapid rise on social media has sparked excitement and stock market reactions. However, Bernstein's report reveals that DeepSeek's claims about building an OpenAI equivalent for $5 million are misleading, as significant research and development costs were overlooked, despite the impressive achievements of its V3 and R1 models.

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