Open-source LLMs win 19% of tokens but 4% of spend; Chinese models take 89% of it
FinanceYF5 · x · 2026-11-04
Continuing the Menlo report thread: open-source models process 19% of tokens but capture only 4% of enterprise spend — average prices fell 3.3x to $0.13 per million tokens.
Chinese models account for 89% of open-source spend: Kimi 61%, DeepSeek 15%, GLM 11%, Qwen 3%.
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