Glyph: Scaling Context Windows via Visual-Text Compression

Can someone compare/contrast with deepseek-ocr?

I asked this question on another post and was downvoted, trying again: don't we lose the "contextualization" that LLM embeddings do (embedding on Token X contains not just information about X, but also of all tokens that came before X in the context, causing different embedding for "flies" in "time flies like an arrow" vs "fruit flies like a banana")?

The image embeddings, as I currently understand, are just pixel values of a block of pixels.

What am I missing?