Source item
Open original source ↗Yes, prices are collapsing but volumes are exploding. In @ARKInvest’s view, the price elasticity of demand for increased productivity and intelligence is enormous, setting in motion a virtuous cycle that is in its infancy.
Quoted context
These are the quoted author’s words.
Average token costs have collapsed from a high of $2.07/mil tokens on May 28 to $1.02/mil tokens. Main drivers are price cuts to OpenAI's models and new open-source models from Kimi & DeepSeek (which tend to be several multiples cheaper than closed-source models). https://t.co/YjHa305bq6
LizThomasStrat ↗