On November 1st, the Token Spending Price Index rose slightly, but remained around $0.89. Previously, after breaking out of the consolidation range of the previous two months, the index had been hitting new historical lows. While it has temporarily stopped falling this month, whether it can break free from the downward trend that began in May remains questionable.
-------- 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.
