As of October 7, the token expenditure price surpassed $0.99. This metric had dropped to $0.9374 on October 2, marking a new low for the period, but subsequently rose for five consecutive days. However, it remains below $1 and is still within the downward trend that began in late May. Compared to the previous annual high, the cumulative decline still exceeds 50%, reflecting a continued decrease in the unit token expenditure cost of AI models. -------- 1. The price drop in tokens has been driven by major models reducing prices and users shifting from expensive cutting-edge models to more affordable open-source and smaller models. 2. The current phase of price decline may stimulate increased demand, which could benefit sectors like AI applications. The impact on cloud providers is complex, while for model providers like OpenAI and Anthropic, the decline in pricing power poses a risk factor. 3. Data is sourced from global leading AI models such as OpenAI, Anthropic, and DeepSeek.