financetom
Business
financetom
/
Business
/
Market Chatter: OpenAI, Anthropic Cut AI Prices to Compete With Cheaper Chinese Rivals
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: OpenAI, Anthropic Cut AI Prices to Compete With Cheaper Chinese Rivals
Aug 14, 2026 2:36 AM

05:13 AM EDT, 08/14/2026 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI and Amazon ( AMZN )- (AMZN) and Alphabet-backed (GOOG, GOOGL) Anthropic are releasing cheaper AI software to fend off challenges by cheaper Chinese rivals, the Financial Times reported Saturday, citing its own research.

The FT described a "price war" amid attempts by companies to reduce AI bills usage bills.

OpenAI recently reduced prices for its GPT-5.6 Luna by 80% while Anthropic has launched Claude Opus 5 at half the price of its premier Fable 5 model, the report said.

OpenAI and Anthropic did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Walmart Insider Sold Shares Worth $988,706, According to a Recent SEC Filing
Walmart Insider Sold Shares Worth $988,706, According to a Recent SEC Filing
Aug 23, 2024
04:26 PM EDT, 08/23/2024 (MT Newswires) -- John R. Furner, Executive Vice President, on August 22, 2024, sold 13,125 shares in Walmart ( WMT ) for $988,706. Following the Form 4 filing with the SEC, Furner has control over a total of 624,859 shares of the company, with 619,290 shares held directly and 5,569 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/104169/000112760224022844/xslF345X05/form4.xml Price:...
bluebird bio Gets Nasdaq Noncompliance Notice
bluebird bio Gets Nasdaq Noncompliance Notice
Aug 23, 2024
04:27 PM EDT, 08/23/2024 (MT Newswires) -- bluebird bio (BLUE) said late Friday it received a noncompliance notice from Nasdaq for not timely filing its report for the quarters ended March 31 and June 30 on Form 10-Q with the US Securities and Exchange Commission. The company said it has until Sept. 4 to submit an update to its original...
Apple targets Sept. 10 debut for new iPhones, AirPods and watches, Bloomberg News reports
Apple targets Sept. 10 debut for new iPhones, AirPods and watches, Bloomberg News reports
Aug 23, 2024
Aug 23 (Reuters) - Apple ( AAPL ) is planning its biggest product launch event of the year on Sept. 10, during which it will unveil the latest iPhones, watches and AirPods, Bloomberg News reported on Friday, citing people familiar with the situation. The company is making preparations for that date, even though the timing has not yet been announced,...
Why Is Qualcomm's Stock Moving Today?
Why Is Qualcomm's Stock Moving Today?
Aug 23, 2024
Qualcomm Incorporated ( QCOM ) shares are trading higher Friday following the company’s announcement of a definitive agreement to acquire Sequans Communications’ 4G IoT technologies for $200 million. What To Know: The acquisition includes certain employees, assets and licenses from Sequans, a France-based company specializing in 4G and 5G semiconductor solutions for the Internet of Things (IoT). While Qualcomm (...
Copyright 2023-2026 - www.financetom.com All Rights Reserved