On November 3rd, the Token Spending Price Index fell to $0.87, continuing to hit new record lows. After declining since May, the index experienced a period of consolidation in September and October, but has recently resumed its downward trend.
-------- 1. Price reductions across various models and users shifting from expensive, cutting-edge models to cheaper open-source and smaller models are driving 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.
