For almost all current everyday work, Flash is enough.
Writing, search, office, homework, most coding, most agents. Use DeepSeek V4.1 Flash, Qwen3.8 Flash, or GLM-5.3 / GLM-5.3 Flash.
Keep Claude or GPT-6 for the last 3%.
Anthropic is about $965B on about $65B ARR.
OpenAI is about $852B on about $40B ARR.
Moonshot is $35B to $50B.
Chinese labs are not cheaper companies. They are cheaper intelligence.
If most real work no longer needs the luxury model, those valuations are pricing a monopoly the market already broke.