On November 4th, the Token Spending Price Index fell for the third consecutive day to around $0.86, continuing to hit new record lows and failing to break the downward trend that began in May.
-------- 1. Price reductions across major 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.
