As of October 31, the Token Spending Price Index had fallen to around $0.89. In the past week, the index has continued to decline, breaking through the consolidation platform of the previous two months and continuously hitting new historical lows, continuing the downward trend that began in May.
-------- 1. Price reductions across various 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 leading global AI models such as OpenAI, Anthropic, and DeepSeek.
