AI token prices are cooling — but why?

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The Silicon Data LLM Token Expenditure Index shows AI token spending has dropped 20% from its May peak, now sitting at $1.62 per million tokens. The causes are unclear — possible explanations include enterprises pressuring vendors for lower prices, growing public backlash against AI, or users shifting to less token-intensive models. The trend raises questions about AI ROI justification and whether the initial rush toward AI adoption may be slowing.

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