Claude's story of eating SaaS is relaxed At the beginning of the year, there was only one market judgment: Claude would eat SaaS. Anthropic used Claude Code, Cowork, and Design to bring workflows to their own territory, causing a sharp drop in the highly acclaimed SaaS index, known as the end of SaaS. Six months later, the logic became loose due to money. The official version of DeepSeek V4 Flash scored 25.2 in Agent testing, which is only half the score of 25.7 in Opus 4.8. However, it is priced at 1 yuan per million tokens input and 2 yuan per million tokens output, with 510000 tokens tested at 0.53 yuan. The annual fee for a 20 person team has been reduced from approximately 346000 yuan to approximately 27000 yuan. The AI function embedded in SaaS requires sufficient, cheap, stable, and huge quantity. This V4 Flash has already surpassed it and is also open source. It is easy to see how to choose and cannot afford the current software. The cost is cheaper, the effect is better than you, and the workflow inertia does not need to be migrated anymore. On the one hand, Anthropic must earn excess profits. In 2026, the computing power expenditure is about $19 billion, close to the annual revenue, with a gross profit margin of about 40%. It will only level out in 2028, with a primary market valuation of about $965 billion, corresponding to 18 to 19 times PS, and a loss of about $14 billion during the year. Only tools and workflows can be closed, but the moat is still too weak. The ability gap is being compressed by the open-source model V4 Flash on a monthly basis, and locking in cannot exchange for pricing power, only time difference. Making the data look good as soon as possible and raising funds through listing is the optimal solution. Liang Wenfeng once said that he only earns reasonable profits from the market. DeepSeek recoups its hardware investment in ten months. If AI eventually accounts for 10% of social GDP, the market will be so large that no one can monopolize it. Anthropic, however, dreams of eating up all the profits from SaaS software, but its high investment in research and computing power is only making up for itself now. DeepSeek only sells APIs and its models are open source. Business ultimately leads to win-win cooperation, where efficiency replaces inefficiency, and low cost replaces high cost for the same task. Those who want to eat the entire chain together will only be squeezed out by the entire chain. Enterprises do not want to hand over data. Palantir's Karp said that token billing has fallen into a misconception, and he is worried about intellectual property theft. He not only pays but also risks being replaced. So, what reason is there to use Claude to contribute profits to Claude?