11月1日，Token支出价格指数略微走高，不过仍保持在0.89美元附近。此前该指数打破前两个月的盘整平台后持续刷新历史新低，本月开启后虽暂时止跌，但能否摆脱5月开启的下跌趋势依然存疑。 -------- 1、各大模型降价以及用户从昂贵的前沿模型转向更便宜的开源模型、小模型，推动token价格下跌。 2、当前阶段价格下降可能刺激需求增加，这有利于AI应用等板块，对云厂商影响复杂，而对OpenAI、Anthropic等模型厂商来说，定价权下降则是个风险因素。 3、数据来自OpenAI、Anthropic、DeepSeek等全球顶尖AI模型。

Apollo Global Management reported adjusted EPS of $2.07 for Q3, versus IBES consensus of $2.20.

China is pushing to operationalize the World Artificial Intelligence Cooperation Organization, with 38 countries signed up as founding members, the National Development and Reform Commission said at a press briefing. NDRC deputy director Wang Ruomeng said China will implement the Global AI Governance Initiative, strengthen policy dialogue and pragmatic cooperation on the basis of mutual respect and mutual benefit, promote open-source and inclusive AI, and encourage countries to build AI systems aligned with their cultural characteristics and development needs.