OpenAI and Anthropic Slash Prices as Chinese AI Rivals Gain Ground

OpenAI and Anthropic are cutting prices on their latest models to hold onto cost-conscious customers defecting to cheaper Chinese alternatives. OpenAI reduced the price of its GPT-5.6 Luna model by 80 percent, while Anthropic launched Claude Opus 5 at half the cost of its top-tier Fable 5. The moves come as rising AI expenses push companies to limit usage and seek more affordable options, helping Chinese developers like Moonshot and DeepSeek expand their reach globally.