LLM Token Expenditure Index: average cost per million tokens has fallen to 97 cents, part of a sharp months-long decline since hitting a high of $2.07 on May 28 (Alex Harring/CNBC)

The LLM Token Expenditure Index, a key measure of AI token prices, has reached new lows. The average cost per million tokens has dropped to 97 cents, continuing a sharp decline over several months. This marks a significant decrease from its peak of $2.07 recorded on May 28, indicating a trend of deflating prices in the artificial intelligence token market.