GLM 5.2 and the coming AI margin collapse (part 1)

🫧 Open on Bubbles This is a two part series focusing on what I believe is perhaps the least understood upcoming shift in AI economics. If you've enjoyed this and want to be notified about the second post, please feel free to sign up for my newsletter . The real DeepSeek moment is upon us What feels like decades ago, markets recoiled at DeepSeek's R1 model. The theory being that given the underlying V3 model reportedly cost under $6m to train, the market therefore thought the huge investment in capex for mod