A million AI words costs $50 from Anthropic and 87 cents from DeepSeek. US firms are mixing in Chinese models, and the labs' IPO valuations are exposed.

Opus 5 costs $5 per million input tokens and $25 per million output tokens, half the price of Fable 5, Anthropic’s most expensive publicly available offering.

A million AI words costs $50 from Anthropic and 87 cents from DeepSeek. US firms are mixing in Chinese models, and the labs' IPO valuations are exposed.