FLAGSHIP INPUT · $/MTOK
$4.00
▲ +220% / 12 MO — THE COLLAPSE IS OVER
gemini-2.5-flash-native-audio-latest IN $0.3→$0.5 2026-08-27gemini-2.5-flash-native-audio-latest OUT $2.5→$2 2026-08-27gemini-2.5-flash-native-audio-preview-09-2025 IN $0.3→$0.5 2026-08-27gemini-2.5-flash-native-audio-preview-09-2025 OUT $2.5→$2 2026-08-27gemini-2.5-flash-native-audio-preview-12-2025 IN $0.3→$0.5 2026-08-27gemini-2.5-flash-native-audio-preview-12-2025 OUT $2.5→$2 2026-08-27gemini-2.5-flash-preview-tts IN $0.3→$0.5 2026-08-27gemini-2.5-flash-preview-tts OUT $2.5→$10 2026-08-27daybreak-blue-latest IN $5→$4 2026-08-21daybreak-blue-latest OUT $30→$20 2026-08-21daybreak-blue-latest CACHE $0.5→$0.4 2026-08-21gpt-5.6 IN $5→$4 2026-08-21gpt-5.6 OUT $30→$20 2026-08-21gpt-5.6 CACHE $0.5→$0.4 2026-08-21
ANALYSIS
- FILE 001THE GREAT AI PRICE COLLAPSE IS OVERDRAFT · GATEDThe flagship $/MTok fell 97.9% over 44 months, then rose 4x in 8.5. The deflation era is over.
- FILE 002THE SHRINKING REIGN OF THE FLAGSHIPDRAFT · GATEDMedian time at the top: 9.4 months before 2025, 2.8 months since. What that does to procurement.
- FILE 003THE METER THAT BARELY MOVEDDRAFT · GATEDInput prices collapsed 50x. Output prices - where reasoning models actually bill - barely fell 4x.