LLM Token Price Index Falls 20% From May Peak, Signaling End of AI Boom's Steep Climb

Silicon Data's LLM Token Expenditure Index, which tracks the cost of using large language models, has fallen about 20% from its May peak, prompting warnings that the AI boom's vertical ascent may be largely over. An analysis by Anne Quito and John Authers in Bloomberg Opinion uses token pricing trends to argue that the explosive expansion phase is approaching a turning point.