Real Build Cost· Part 2

Build a top AI model for $5.6M. DeepSeek did it. GPT-4 cost about $78M.

DeepSeek-V3's final training run cost $5.6M in rented GPU time, against an estimated $78M for GPT-4.

13 Oct 2026 · Sources read 13 Oct 2026

The cover of the ModelSignal post: Build a top AI model for $5.6M. DeepSeek did it. GPT-4 cost about $78M.
The post’s cover as it appeared on social media.

We didn’t run this. DeepSeek-V3 Technical Report (arXiv 2412.19437) did. ModelSignal read the published work and checked every number below against it — the sources and the dates we read them are at the end.

DeepSeek-V3 · the bill

$5.6M

to train a top AI model.

Their own accounting.

2.788M GPU hours at $2 an hour. Dec 2024.

DeepSeek vs GPT-4

GPT-4

OpenAI's GPT-4

~$78M

Estimated compute

Gemini Ultra, est.~$191M

DEEPSEEK

DeepSeek-V3

$5.6M

Final run, by them

Not countedresearch

Count the hours.

$5.6M covers one final run at a rental price they chose. Failed runs aren't in it.

DeepSeek report · Stanford AI Index 2024

GPU HOURS · THOUSANDS

What the $5.6M bought

  • Main training2,664K hours
  • Longer context119K hours
  • Final tuning5K hours

At $2 per GPU hour: $5.328M + $0.238M + $0.01M = $5.576M, rounded to $5.6M.

The proof

DeepSeek-V3's report on arXiv, Dec 2024. Read 13 Oct 2026.

Screenshot of the source: arxiv.org/abs/2412.19437
arxiv.org/abs/2412.19437

The full breakdown

Somebody else paid this bill; we read the report. Every number below is quoted from the paper and the Stanford AI Index, with the date we read them.

The report

DeepSeek-V3 Technical Report, arXiv:2412.19437, v1 dated 27 December 2024. Model: 671B total parameters, 37B activated per token, pre-trained on 14.8 trillion tokens.

Table 1 — training costs of the final run

Stage H800 GPU hours At $2/hour
Pre-training 2,664K $5.328M
Context extension 119K $0.238M
Post-training 5K $0.01M
Total 2,788K $5.576M

"Assuming the rental price of the H800 GPU is $2 per GPU hour, our total training costs amount to only $5.576M." The costs "exclude the costs associated with prior research and ablation experiments on architectures, algorithms, or data."

For scale

Stanford AI Index 2024: "Google's Gemini Ultra cost an estimated $191 million worth of compute to train, while OpenAI's GPT-4 cost an estimated $78 million."

Sources

  1. DeepSeek-V3 Technical Report (arXiv 2412.19437) Read 13 Oct 2026 · abstract: 2.788M H800 GPU hours; 671B/37B; 14.8T tokens; version date
  2. DeepSeek-V3 Technical Report — full text, introduction and Table 1 Read 13 Oct 2026 · GPU hours by stage, $2 per GPU hour assumption, $5.576M total, the exclusion of prior research and ablations
  3. Stanford HAI — AI Index: State of AI in 13 Charts (15 Apr 2024) Read 13 Oct 2026 · estimated training compute cost: GPT-4 $78 million, Gemini Ultra $191 million

The catches

  • DeepSeek's own accounting of the final run, at a rental price it assumed; no outside audit.
  • It excludes research, ablations, staff and the cluster; the GPT-4 and Gemini Ultra figures are outside estimates made by a different method, so the comparison is indicative, not like-for-like.
  • Hours are H800 GPU hours; a different chip changes both the hours and the price.
Every number, and where it’s quoted from
  • 2.788M H800 GPU hours in total; $2 per GPU hour assumed; $5.576M total“DeepSeek-V3 costs only 2.788M GPU hours for its full training. Assuming the rental price of the H800 GPU is $2 per GPU hour, our total training costs amount to only $5.576M.”arXiv 2412.19437v1, introduction
  • Table 1: pre-training 2,664K (2664K) hours $5.328M; context extension 119K hours $0.238M; post-training 5K hours $0.01M; total 2,788K (2788K) hours $5.576M“Pre-Training 2664K $5.328M · Context Extension 119K $0.238M · Post-Training 5K $0.01M · Total 2788K $5.576M”arXiv 2412.19437v1, Table 1
  • the figure excludes prior research and ablation experiments“exclude the costs associated with prior research and ablation experiments on architectures, algorithms, or data”arXiv 2412.19437v1, introduction
  • 671B total parameters, 37B activated per token“671B total parameters with 37B activated for each token”arXiv 2412.19437 abstract
  • 14.8T pre-training tokens“14.8 trillion diverse and high-quality tokens”arXiv 2412.19437 abstract
  • $5.6M is $5.576M rounded to one decimal“$5.576M”arXiv 2412.19437v1
  • GPT-4 ≈$78M and Gemini Ultra ≈$191M estimated training compute“Google's Gemini Ultra cost an estimated $191 million worth of compute to train, while OpenAI's GPT-4 cost an estimated $78 million.”Stanford HAI, AI Index 2024 (15 Apr 2024)
  • arXiv identifier 2412.19437, version 1 dated 27 December 2024“arXiv:2412.19437v1 — 27 Dec 2024”arXiv