News Summary

• OpenAI CEO Sam Altman said costs had become "a huge issue," adding, "I think we'll have a lot of ways we can help people get more value for less spend" The move is an attempt to regain customers from rival Anthropic, whose coding tool Claude Code has driven a surge in revenue.
• A price war may ultimately benefit Chinese companies that sell AI services at a fraction of the cost.
• No clear winner has emerged in the emerging deflationary race for AI customers.