.@fleetingbits on the brutal economics behind GLM 5.3 Flash: Chinese AI labs are pushing each other's gross margins toward zero "It's sort of like R&D priced in. If you look at DeepSeek V4 Flash Vision Experimental, it comes in at a fairly similar capability level, and also a fairly similar cost profile, at least when DeepSeek is in off-peak hours." "What it is is that it's about 10X cheaper than Kimi K3. The Chinese market is enormously competitive, and the Chinese labs are enormously…