AI inference prices fall 200-fold as flagship premiums hold, Acquinox Capital says

• AI investment returns are likely to favor providers embedded in customer workflows over those competing on model performance alone.
• GPT-4-class input prices fell roughly 200-fold over 42 months to $0.15 per million tokens in September 2026.
• Premium pricing remains resilient: OpenAI's GPT-6 Astra lists at $10 per million input tokens, despite lower-tier price cuts.
• McKinsey's 2026 survey found 44% of organizations scaling AI enterprise-wide, but only 6% attributed at least 5% of EBIT to AI.
• The five largest hyperscalers' AI capital spending exceeds $1 trillion across 2025-2026, outpacing earnings and free cash flow, raising investment-bust risks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Acquinox Capital Sarl published the original content used to generate this news brief on October 21, 2026, and is solely responsible for the information contained therein.