OpenAI Weighs Drastic Token Price Cuts as Claude Code Devours Developer Share

The Decoder·medium signal

OpenAI is preparing significant token price cuts aimed explicitly at winning back developers from Anthropic, whose Claude Code coding tool went viral and helped drive Anthropic to its first profitable quarter. Anthropic, meanwhile, reversed an unpopular billing overhaul; its Claude Fable 5 launched June 9 at $10/$50 per million input/output tokens, double GPT-5.5's $5/$30. With both companies heading toward public listings, a price war could pressure margins exactly when investors are scrutinizing the IPOs.