No you are probably overestimating the cost by 1-2 orders of magnitude. GPT-3 probably cost under $5 million, and this model is smaller and there have been algorithmic improvements to training transformers since then.
See last page of their most recent available audited financials. https://rct.doj.ca.gov/Verification/Web/Download.aspx?saveas...
You are right! Wow. Thank you for correcting me.
> GPT-3 probably cost under $5 million,
Is that one training run or includes all the fiddling to find the right hyperparameters? Or there aren't many of those in these training or they are not that sensitive?