We already know that competition brought GLM 5.2 prices down roughly 45% since its release on June 16th (1.5 months ago), and the price downward slope is probably still going (I've been checking regularly and new providers keep fighting on price, I don't think prices have settled yet). For reference : https://openrouter.ai/z-ai/glm-5.2#providers
I saw arguments like "Providers cannot price less than their costs" in other comments. In economics, it's generally admitted that they shouldn't price less than their marginal costs, i.e. in their case roughly the cost of electricity, since a lot of these datacenters are not at capacity in terms of graphics cards usage (speculation since it's very easy to rent a GC for a couple hours on some providers). My guess is that someone will be selling tokens at less than electricity + depreciation of GCs soon, since there's a lot of competition and "smaller" data centers have overcapacity? This is speculation, correct me if I'm wrong