As of October 24th, the Token Spending Price Index slightly rebounded to $0.94 per million tokens. Previously, the index fell to $0.9356 on October 23rd, down from $0.9374 on October 2nd, setting a new low for the period. From the high of approximately $2.06 at the end of May, the current price represents a cumulative drop of about 54%. For the past two months, the index has generally traded below $1, recently approaching $0.94, indicating continued pressure on the unit token spending price of models. The single-day rebound has not changed the overall downward trend.
-------- 1. Price reductions by major models and users shifting from expensive cutting-edge models to cheaper open-source and smaller models have driven down token prices. 2. The current price decline may stimulate increased demand, which is beneficial to sectors such as AI applications. The impact on cloud vendors is complex, while for model vendors like OpenAI and Anthropic, the decline in pricing power is a risk factor. 3. Data comes from top global AI models such as OpenAI, Anthropic, and DeepSeek.
