How much does intelligence cost? How concentrated is the AI market and is it winner take all? When prices fall, how does demand change and is there a Jevons effect? These questions matter, but actual market data has been hard to come by. We use data from Microsoft Azure and OpenRouter to find out.
anecon2•1h ago
lkbm•1h ago
The paper: https://andreyfradkin.com/assets/LLM_Demand_12_12_2025.pdf
The slides: https://docs.google.com/presentation/d/1xfpubvdduUYznqPe5rZY...