DeepSeek just published the price of a token, and it should make you angry. From their own DeepInfer docs: 1 cluster serves 155 trillion tokens a day, at $38 of revenue per GPU-hour, and thats at off-peak prices. Their API is $0.30 per million input tokens and $1.20 per million output at peak. Yuchen Jin did the math: even if they rented B300s at $7 an hour, thats about 82% gross margin. Other estimates go higher. So cheap AI is not charity and it is not "dumping". At these prices serving a frontier-class model is a very profitable business, if your inference stack is good enough. Now remember every time a US lab told you that intelligence is expensive. That $200 a month is a fair price. That limits exist because compute is scarce. Part of that is true. Part of it is a business model built on you not knowing what a token actually costs. DeepSeek just showed everyone the numbers and gave away the engine. Every inference company can now compete on price with the same software. Thats how AI gets cheap for everyone.