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Anthropic's annual recurring revenue (ARR) has likely accelerated in October after the company reduced token prices, according to Gavin Baker, CIO at Atreides Management. Baker added that a similar pattern occurred across the broader AI market, where GPU rental prices increased while token prices declined.
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Earlier this year, Baker reported that Deepseek earned $38 per GPU hour in inference revenue off-peak, scaling to $100 billion per gigawatt during peak periods here. He has also discussed the potential for high frequency trading and cyber warfare to drive $200 billion deals by 2027 here. These insights offer additional context to his recent observations on shifting AI-related pricing.