@huangyihe
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The Falling Price of Intelligence, Not Ownership

1、Opus 5 delivers performance close to Fable 5 at half the price, especially for coding, knowledge work, and routine agent tasks.

2、Kimi K3 on-premise production deployment starts with a hardware and infrastructure budget of 30 million yuan. Every year, there are still electricity, data center, operations, and depreciation costs.

3、The “intelligence price” of frontier models is collapsing rapidly, but the cost of “owning a model” is not collapsing at the same pace.