No, just that what DeepSeek did is not as valuable as what the first movers did, because it did not advance the state of the art nearly as much. It's a new chea

No, just that what DeepSeek did is not as valuable as what the first movers did, because it did not advance the state of the art nearly as much. It's a new cheaper way to go from Base LM -> CoT "reasoning" LM. We already had CoT "reasoning" LMs, so while the new cheaper path to get to them is interesting, it's not necessarily groundbreaking either. Also, R1 only works with the "cold start" data that they distilled from o1, so it's not quite clear that it'll ever be able to exceed o1's capabilities. We already know it's much cheaper to distill new, smaller models from large already pretained and well-performing models—in fact, $5M sounds like a very expensive way to do so. So while these new techniques are probably going to have some impact, OpenAI is far from quaking in their boots