Anthropic held the Opus line at $5 & $25 across five releases while OpenAI cut Luna 80% then 50% again, & open models now run a majority of token volume at an 86% discount to closed models. The most capable model, Fable 5.1, commanded only 3.7% of gateway spending in its first twelve days.
Anthropic held the Opus line at $5 & $25 across five releases while OpenAI cut Luna 80% then 50% again, & open models now run a majority of token volume at an 86% discount to closed models.
The most capable model, Fable 5.1, commanded only 3.7% of gateway spending in its first twelve days.
Demand is a normal distribution with a fat middle, & as intelligence per dollar explodes the tokens may shift to commodity.
The page is ready to read now. The fuller skim-friendly version will appear here automatically.
Anthropic held the Opus line at $5 & $25 across five releases while OpenAI cut Luna 80% then 50% again, & open models now run a majority of token volume at an 86% discount to closed models. The most capable model, Fable 5.1, commanded only 3.7% of gateway spending in its first twelve days. Demand is a normal distribution with a fat middle, & as intelligence per dollar explodes the tokens may shift to commodity.
AI prices are collapsing, but the competition is not at the frontier. Whether that happens will determine the economics of the AI market.
Open the app view to save this story, compare related coverage, and continue from the same source.