But if outperforming Chinese models, like Kimi K3 released by startup Moonshot AI this week, keep gaining and pushing down the price of tokens (the consumption-based pricing system used by many generative AI models), Slok said that expected cash flows may prove too optimistic. The troubling upshot could be a sell-off by the magnificent seven – Nvidia, Microsoft, Alphabet, Amazon, Meta and Apple – that, according to Slok, “takes the market with it”.
