Chinese open models like Kimi K3 and Qwen3.8 Max shift the industry's focus back to marginal costs and cost of goods sold, as inference costs scale with revenue (Ben Thompson/Stratechery)

3 weeks ago 11

Ben Thompson / Stratechery:
Chinese open models like Kimi K3 and Qwen3.8 Max shift the industry's focus back to marginal costs and cost of goods sold, as inference costs scale with revenue — There's a story I tell about my first day in STRT-431 at Kellogg School of Management, the introductory class that every …

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