cnbc_topnews

OpenAI cuts prices for two of its GPT-5.6 AI models as companies grow sensitive to costs

📰 source: cnbc_topnews · 💼 business

openai cut prices for two gpt-5.6 models on thursday, three weeks after their launch. terra dropped 20% to $2 per million input tokens and $12 per million output tokens. luna dropped 80% to 20 cents per million input tokens and $1.20 per million output tokens. the most powerful model, sol, stays at original pricing. the cuts come as enterprises push back on ai costs and competition heats up from google, microsoft, and chinese startups offering cheaper models. openai rival anthropic recently released claude opus 5 at half the cost of its advanced model. microsoft ceo satya nadella touted cost-effective models on an earnings call, and google debuted three new models this month aiming to undercut rivals. the shift reflects a broader industry pivot from tokenmaxxing—where employers encouraged unlimited ai use—to cost-conscious deployment.

why it matters: enterprise ai adoption now hinges on cost efficiency, with openai cutting prices to retain customers amid cheaper competitors.

source: cnbc_topnews
sentiment: -0.20 · impact: 0.40

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects