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I think you are missing it:

https://stratechery.com/2025/deepseek-faq/

That has a great overview - this is a new model, but also a distillation. They used new techniques to make it really cheap (comparatively).



Thank you for the link. I have a lot of respect for Stratechery. I learned a lot, and agree, I’m the one who was missing it haha




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