I think the claim that DeepSeek was trained for $5M is a little questionable. But OpenAI is trying to raise $100B which is 20,000 times as much as $5M. Though even at $1B I think it's probably not that big a deal for Google or OpenAI. My feeling is they can profit on the prices they are charging for their LLM APIs, and that the dominant compute cost is inference, not training. Though obviously that's only true if you're selling billions of dollars worth of API calls like Google and OpenAI.

OpenAI has had $20B in revenue this year, and it seems likely to me they have spent considerably less than that on compute for training GPT5. Probably not $5M, but quite possibly under $1B.