I don't necessarily buy that API prices represent "real" prices of the models.
It's probably a safe assumption that openrouter prices for Kimi K3 are "real".
Well of course they're higher than marginal cost. But these providers have to also generate a fat return on investment.
Yes, they are ludicrously profitable - even when future training costs are taken into account!
What do you think the real price is? Subscriptions are heavily subsidised, I don't know anyone who would deny that.
I moved one of our daily workflows over to Kimi K3 on Fireworks. It replaces two sales assistant positions, and was about $50/day for 14 million tokens total (in/out). They surely are not subsidizing this price as it is just inference only and other providers are even less money.