This weekend, foreign media started hyping up the 'Kimi K3 threat theory'! Feels just like when Deepseek launched and caused a wave of AI disruption in the U.S.! Will China's low-cost advantage push Anthropic and OpenAI toward a price-cutting strategy? This has become the hottest topic in the investment market right now. One is capital expenditure, the other is large model profits. If these two logics are validated in future financial reports, it’s going to be concerning!