On November 2nd, the Token Spending Price Index fell slightly, approaching $0.88, a new low on record, continuing its recent downward trend and failing to break the decline that began in May. -------- 1. Price reductions across various models and us

2026-11-04

On November 2nd, the Token Spending Price Index fell slightly, approaching $0.88, a new low on record, continuing its recent downward trend and failing to break the decline 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.