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The Sticker Price Did Not Move
Anthropic shipped two new frontier models this week and left the headline price exactly where it was: $10 per million input tokens, $50 output, unchanged. The number that moved is one almost nobody looks at. Cached input reads fell 75%, from $1.00 per million tokens to $0.25.
The price you get quoted is the price of answering once. Your bill is set by re-reading.
In this episode, Stephen Forte covers:
What a cached read actually is, and why it decides agent economics: an agent is not answering one question. Every step, it is handed the whole situation again — your instructions, every tool…
The skinny
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