DeepSeek is reported to operate a fleet of approximately 50,000 Hopper-generation Nvidia chips (a mix of H100s, H800s, and H20s), within a factor of 2-3x of what major US AI labs have, with total chip capex on the order of $1B.

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• SOn DeepSeek and Export Controls journalistic_report
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  locator: DeepSeek's Models section, SemiAnalysis reference

  “It's been reported --- we can't be certain it is true --- that DeepSeek actually had 50,000 Hopper generation chips, which I'd guess is within a factor ~2-3x of what the major US AI companies have... Those 50,000 Hopper chips cost on the order of ~$1B.”