One answer to what's driving GPU rental prices: Token demand on OpenRouter is up ~27x since last November, from ~6T/week to ~165T/week Open-weight models now handle ~72% of those tokens, up from ~28% last November Charts of the Week: https://t.co/BKHzpgt05x Quoted @a16z: Zooming out, GPUs are still renting ahead of a standard 6-year depreciation schedule Rental price vs. schedule: - H200: +143% - B200: +111% - RTX PRO 6000: +73% - H100: +54% - A100: +9% Most of the gap opened up after April, when token demand took off Charts of the Week: https://t.co/KJWFSaIGCd