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DeepSeek overtakes Google on volume, cost per token falls 13.6%

Vercel News·Amelia Charles·3 days ago
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AI Gateway Production Index — August 2026

Every month, AI Gateway routes tens of trillions of tokens between production applications and AI labs. That traffic gives us a view of what AI usage actually looks like in today's enterprise, and we publish it here monthly. See the Production Index reports from May , June , and July .

Copy link to heading August 2026 Summary

The August index reports on AI Gateway data collected through July 2026.

The average price paid per token fell 13.6% in July, after rising almost 20% in May and holding steady in June. Token consumption grew so quickly that even with 37% growth in spend, cost per token saw a double-digit drop.

DeepSeek became the second-largest lab by token volume, now running more than twice Google's volume.

Anthropic collected 65% of gateway spending on 30% of token volume, at 4.4 times the average price of every other lab's tokens.

Both media leaderboards changed hands.…

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