Not really a price thing nor an infra thing.

US has really cheap energy and far more compute by a very large margin.

The real reason is chinese gov wants to crush US ai industries and own the market. Same thing they have successfully done multiple times in other industries now the difference is this time the US isn't seeming to back down.

I'm talking about EU/Japan. I'm aware the US also has cheap energy and loads of compute.

I have yet to see any credible evidence that the Chinese government was involved with either the creation of DeepSeek or the open publication of it, in any way. Seems like usual yellow scare discourse, attributing everything to the bogeyman.