LLM inference prices fell ~1600x in two years, from $32 to $0.02 per million tokens

FinanceYF5 · x · 2026-10-22

OpenAI's Karan Singhal says the price of intelligence is collapsing: GPT-6 Luna is the cheapest frontier model in their API, outperforming 5.6 Sol — the best model just a month ago — while costing 34x less. Most intelligence tiers have dropped over 100x in roughly a year; one tier fell from $32 to $0.02 per million tokens in two years (1600x). Includes an a16z chart (source: Artificial Analysis) tracking inference prices by Intelligence Index tier since 2022.

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