Archive · · Jun 2026 – Jun 2026 · Updated 01:25 UTC
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W25 1 story · Jun 15–21
The study shows that per-token list price is an unreliable proxy for actual LLM operating cost, with thinking-token variance and run-to-run randomness making true COGS unpredictable — a direct risk for any product built on flat-fee pricing over variable model usage.