AI cost creep — a voltage meter on a dark workshop bench, needle climbing

Your AI Bill Is Rising Even Though Prices Dropped

Something strange is happening to the cost of building with AI. Every headline says prices are collapsing — and they are. Per-token rates have fallen roughly 97% since 2023, and open-weight models now cost a fraction of the frontier ones. And yet, quietly, the bill keeps going up. Uber burned through its entire 2026 AI-coding budget by April. Microsoft revoked developers’ Claude Code licenses months after enabling them. Priceline’s contract renewal came back 4–5× more expensive. One engineer reportedly ran up a $40,000 token bill in a single month. Per-developer token consumption rose roughly 18.6× in nine months as tools drifted from “answer a question” to “agent, do the task.” ...