Crypto Scenario Insights
What happened
OpenAI and Anthropic are reportedly preparing for a margin-depleting price war as open-source alternatives like DeepSeek drastically lower the cost of intelligence.
What we think
From a capital flows and market structure perspective, a price war between OpenAI and Anthropic accelerates the commoditization of raw compute and intelligence.
Read the analysis
AI Token Price War: Does the OpenAI-Anthropic Margin Squeeze Threaten Decentralized Compute?
We explain what happened and what could follow. We do not forecast prices.