In the last 18 months, the cost of 1 million tokens has dramatically dropped from $180 to just 75 cents, illustrating a revolutionary decrease in AI usage costs.
Guillermo Rauch of Vercel stated that with so many similar AI models now available, the AI frontier has become a 'commodity', driving down token prices significantly.
Martin Casado remarked that the decline in token costs resembles historical drops in technology expenses, likening it to the cost per bit for the Internet and microchip advancements.
The substantial drop in token prices points to an oversupply of AI models, diminishing the uniqueness of leading models like OpenAI's GPT-4 that were once seen as special.
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