margins

OpenAI cut GPT-5.6 Luna by 80% three weeks after launch, saying Sol rewriting its own production kernels funded the cut, which makes the real story less a blink at China than a model becoming a line item on both sides of its own P&L.

In twelve days, Chinese labs pushed the capability floor toward zero, Anthropic halved the price of the frontier and Google cut Flash tokens again, a fortnight that says the capability premium is over and margin is the only battleground left.