Cathie Wood
@CathieDWood · Aug 19, 2026
Yes, prices are collapsing but volumes are exploding. In @ARKInvest’s view, the price elasticity of demand for increased productivity and intelligence is enormous, setting in motion a virtuous cycle that is in its infancy.
Liz Thomas@LizThomasStrat· Aug 18, 2026Average token costs have collapsed from a high of $2.07/mil tokens on May 28 to $1.02/mil tokens. Main drivers are price cuts to OpenAI's models and new open-source models from Kimi & DeepSeek (which tend to be several multiples cheaper than closed-source models).
Elon Musk
@elonmusk
True
05:33 AM · August 19, 2026 · 148K views
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