花旗报告指出，企业AI使用成本正在下降，但底层算力价格并未同步走低。其跟踪的 usage-weighted Token Expenditures 较5月高点下降约37.5%，而Blackwell GPU租赁价格过去三个月反而上涨约15.2%。这意味着当前AI单位成本下降，并非主要来自GPU「降价」，而更多来自模型选择、智能路由和推理效率提升。 这一变化值得关注，因为它意味着AI商业化可能开始从「单纯堆算力」进入提高算力利用效率的阶段 ：企业可以根据任务复杂度调用不同模型，在底层算力仍偏紧的情况下压低每次AI服务的实际成本。英伟达近期也展示了通过量化等优化手段，在Blackwell架构上显著提高推理吞吐率、减少硬件占用，说明软件和模型层优化正在成为降低推理成本的重要来源。

韩国部长表示，单股杠杆ETF的投资已缩减。

The Wall Street Journal reports ANTHROPIC is meeting potential investors to shore confidence ahead of a possible September or early-October IPO that could be the largest on record; the company is said to be valued at about $965bn. Investors raised concerns about the rise of low-cost AI systems, tensions with the Trump administration and growing local opposition to data center construction; sources said ANTHROPIC executives downplayed the competitive threat and stressed a focus on cutting-edge models. The company told some investors it plans to expand further into healthcare and biology AI applications; no pricing or firm timetable has been disclosed.