Deepseek's price looks unsustainable. Ant have said their operating margin is 70%. A leaner company could maybe raise that to 90%. Most of the cost of supplyin

Deepseek's price looks unsustainable. Ant have said their operating margin is 70%. A leaner company could maybe raise that to 90%. Most of the cost of supplying inference compute is depreciation of the GPUs. Maybe Deepseek is anticipating a 50 year life for theirs.