Search results for Jevons' Paradox
AI & Enterprise
OpenAI, Anthropic and xAI launch new AI models with lower prices, pointing to higher usage
AI companies are shifting competition from performance to cost, Axios reported. OpenAI unveiled GPT-6 Sol and GPT-6 Luna and cut prices 50 percent from earlier models, while Anthropic launched Opus 5.5 with about 40 percent lower operating costs than Opus 5. xAI introduced Grok 4.7, stressing price performance. Lower model prices are lifting usage and could support investment, with brokers citing rising token-driven spending and computing demand.
AI & Enterprise
Global AI market shifts toward price competition as U.S. firms step up cuts
Major U.S. AI companies are accelerating price cuts as part of efforts to check Chinese rivals, speeding a global shift toward price competition. The Financial Times reported OpenAI cut prices for GPT-5.6 Luna by up to 80 percent and reduced Terra by 20 percent, while Anthropic priced Opus5 at about half of Fable5. Data cited by the FT showed customer costs have fallen sharply since mid-July. Some reports said usage and revenue rose after the cuts.
AI & Enterprise
Apollo says no clear evidence yet AI is cutting jobs
Apollo Global Management chief economist Torsten Slok said there is no evidence so far that AI is reducing jobs. Citing the ADP National Employment Report, he said private-sector employment is still rising and companies are hiring workers needed to adopt AI. He wrote that demand for AI implementation specialists is increasing and data center expansion is pushing up wages for AI talent and prices for semiconductors, equipment and energy.