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Open-source model token use grows 22.5x while its price falls to $0.13 per million

AIMenlo Ventures reports that open-source models' token use grew 22.5x, while their price fell to $0.13 per million, about 5x below closed models' $0.70. Open-source's share of spending slipped from 6% to 4% as a result.
Rohan PaulVerified on X
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Open-source is winning work by getting cheap faster than it gains volume:

its token use grew 22.5x, but its price fell to $0.13 per million, about 5x below closed models’ $0.70, so its share of spending actually slipped from 6% to 4%.

Menlo Ventures Report

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Rohan Paul · x.comPublished · added here

Original title: Open-source is winning work by getting cheap faster than it gains volume:

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Open-source ecosystemExpert opinion