Hedge fund CIO: Anthropic burns maybe 80% less per token than OpenAI
rohanpaul_ai · x · 2026-09-18
Gavin Baker, CIO of Atreides Management, contrasts the capital efficiency of OpenAI and Anthropic: Anthropic has a dramatically lower cost per token, burning roughly 80% less than OpenAI, implying very different structural ROICs for the two businesses. Full interview video linked by Rohan Paul.
Related event: Hedge Fund Manager Says Anthropic's Token Cost Is Far Lower Than OpenAI's(2 posts)→
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