Odd Lots · Thursday, October 29, 2026
Alex Altman points out that open-weight AI models have rapidly expanded their market share from 20% up to 80% while token costs have experienced unprecedented deflation, creating a tension with frontier models.
“The data is the data you can evidently see on a whole bunch of different sources that open weight has gone from a 20% market share to anything up to about an 80% market share. And then you'll also see that the token cost is a fraction, one one hundredth.”
“It might be one of the fastest deflating assets in history.”