Open Doesn’t Mean Free

Ben Thompson argues the panic over Chinese open-weight models like Kimi K3 is largely overblown economically: running inference on any model costs money, and that cost is directly tied to revenue in a way R&D spend is not, so "free" open weights don't mean free to serve, and once compute constraints ease, intelligence increasingly behaves like a commodity where the labs with the best cost structure win.

Who’s Afraid of Chinese Models? https://stratechery.com/2026/whos-afraid-of-chinese-models/
Who’s Afraid of Chinese Models?

Everyone is worried about Chinese models, but the frontier labs will be fine; we need to enable open U.S. alternatives.

Filed July 21, 2026 at 2:43 pm