AI Token prices are falling while trading volume expands, Cathie Wood says market demand for AI has enormous price elasticity

Odaily News, ARK Invest founder Cathie Wood stated that AI Token prices are declining sharply, but usage is growing rapidly. As productivity and intelligence levels rise, market demand for AI demonstrates enormous price elasticity, and a virtuous cycle is forming that is still in its early stages.

According to her reposted content, the average cost of LLM Tokens has dropped from $2.07 per million tokens on May 28 to approximately $1.02, mainly driven by price cuts on OpenAI models as well as the emergence of new open-source models like Kimi and DeepSeek, whose prices are typically only a fraction of those of closed-source models.